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Housing Rehabilitation Programs
Background The City of Norman's Housing Rehabilitation Programs are funded by the U.S. Department of Housing and Urban Development (HUD) through the Community Development Block Grant (CDBG) program and the HOME program. These programs have funded over $4,000,000 of rehabilitation work in Norman since 1977. These programs offered are Deferred Payment Loan for Rehabilitation, a Deferred payment Loan for Emergency Repair, and a Deferred Payment Loan for Accessibility Modifications. An applicant must meet the income guidelines for that program as well as other qualifications specific to each particular program.
Rehabilitation Deferred Payment Loan (DPL) The purpose of the rehabilitation DPL is to bring existing owner occupied housing up to at least the minimum standards established by the Federal Government and the City of Norman. This project operates from a waiting list of applicants. To be placed on the waiting list, an applicant must have lived in the home for a minimum of one year, be at or below 50% of the median income, not have over $25,000 in the form of cash, savings, or CD's,etc., and the home must not be located within the 100 year flood plain. When an applicant reaches the top of the list, their dwelling is inspected to determine what repairs are necessary. It must be possible to correct all of the code violations found in a structure with the available budget before a project may be undertaken. Once the scope of the project is established, contract specifications are prepared and sent out to bid. Upon acceptance of a bid, City staff administers a contract between the homeowner and the contractor, offering technical assistance and project management for the life of the project. Items which may be addressed during the rehabilitation include plumbing, electrical, and mechanical systems, roofing, and items relating to maintaining proper health, safety, and sanitation of the occupants. THIS IS NOT A HOME REMODELING PROGRAM, IT IS A PROGRAM FOR REHABILITATION OF STRUCTURES TO CORRECT CODE VIOLATIONS The terms of the Deferred Payment Loan (DPL) are a four year mortgage with 0% interest and forgiven at the rate of 25% per year so long as the applicant remains the owner of the property. This means that the owner pay nothing for the cost of the repairs unless they sell the property within the four years of the mortgage. If they do sell the property within that four years the property owner will owe a pro-rated portion of the cost of the rehabilitation.
Emergency Repair Deferred Payment Loan (DPL) The Emergency Repair Deferred Payment Loan Program is designed to address an area of urgent need which directly affects the immediate health, safety, or sanitation of the occupants of the structure and cannot wait for an applicant's name to be reached on the Rehabilitation Waiting List. Typical projects are replacement of the roof, heating system, water heater, sewer line, etc. The income qualifications and terms of the DPL are the same as the qualifications for the Rehabilitation DPL. GENERAL HOMEOWNER MAINTENANCE ITEMS SUCH AS LEAKING FAUCETS OR PEELING PAINT ARE NOT ELIGIBLE ITEMS
Accessibility Modification Projects These projects may be either owner-occupied or rental properties. If the property is rental, the tenant must be willing to sign a promissory note which ensures that he or she will remain in the structure a period of one year. The owner must also sign a four year deferred payment mortgage which ensures that the modification will remain in place even if the tenant moves. Income is based on 80% of the median figure for the tenant or owner occupant. Typical projects include ramps, widening of doorways, and installation or grab bars and hand rails.
2008 INCOME LIMITS
For each person in excess of eight, 8% of the four-person base should be added to the eight-person income limit. (E.g., the nine-person limit equals 140% [132+8] of the relevant four-person income limit). All limits are rounded to the nearest $50. DEFINITIONS: 50% Median is the figure used for "low-income" when using the terminology of "low-to-moderate income." When using terminology of "very-low income" versus "low-income" 50% of the median is the "very-low income" category. 80% Median is the figure used for "moderate-income" when using the terminology of "low-to-moderate income." When using terminology of "very-low income" versus "low-income", 80% of the median is the "low-income category. SOURCE: Department of Housing and Urban Development
For more information regarding this
program, you may contact the Revitalization Division during regular
business hours at 405-366-5322 or by e-mail at: revitalization@NormanOK.gov |
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