310 W Martin St, Suite 101
Raleigh, NC 27601
Telephone Numbers and Contact information
Phone #:(919) 996-4330
Fax Number:(919) 857-4359
Hours: Monday-Friday, 8:30AM to 5:15PM
Each program has different guidelines, call for information.
Program offers an elderly homeowners rehab deferred payment loan program, in which adults age 62+ may qualify for no-interest deferred loan up to $35,000 for major repairs. Limited repair program provides repairs up to $5,000 in value. This is a loan that is deferred and then forgiven over a 5-year term, i.e., if the homeowner remains in the home for at least 5 years, they will not have to pay back anything. If the homeowner remains in the home less than 5 years, they will pay back only a portion of the loan, e.g., 40% if they have stayed in the home 3 years from the time of the repair. Pilot Rehab Program provides assistance up to $45,000 to low-income homeowners in specified areas. These are deferred, non-interest-bearing loans which are forgivable over a 15-year term. Slightly different rules for over age 55 or disabled individuals versus younger homeowners, but available to both groups. Income must be below 50% of area median income limit (as of April 2013, $26,600 for a single person, $30,400 for a couple). Call for details. Also includes a joint venture rental program, homeowner purchase and rehab, homeowner rehab, and city-wide home ownership loan program.
This information was last updated on 05/24/2013
This information is provided as is with no guarantee as to the accuracy of the information. Information is considered to be accurate as of the date of the last update, printed above. Resources for Seniors may not be held liable for misuse of this information.