Strengthening Our Homes: Financial Support for Necessary Repairs

Investing in our living spaces is essential for the comfort and safety of our neighbors. Thrive West Central is proud to offer assistance to low income individuals who may benefit from the United States Department of Agriculture Rural Development program. This initiative provides financial aid in the form of grants and loans designed to help homeowners complete vital property improvements. Maintaining a Safe and Secure Home. A home should be a place of sanctuary. Whether you are dealing with structural issues, plumbing concerns, or electrical hazards, these government funds are intended to ensure your living environment remains functional and secure.

Thrive West Central helps navigate the application process to ensure you can focus on making your house a home again. How the Program Works. The program offers two pathways to support your renovation needs. The grant option provides funding that does not need to be repaid, specifically targeted toward elderly residents, while the loan option offers low interest rates for those who qualify. Our team provides the guidance necessary to understand which path is right for your unique situation.

Building a Stronger Community Together. By supporting homeowners, we help preserve the character and stability of our neighborhoods. Thrive West Central is dedicated to connecting residents with the essential services they need to thrive in place. Every improvement made to a home contributes to the greater good of our entire region.

Take the First Step Today.

If You Are Interested In Learning More About How These Financial Resources Can Assist With Your Home Repairs, We Are Here To Help. Our Team Provides Dedicated Support Throughout The Entire Application Journey. Please Review This Information To See If You Are Eligible And Start Your Application Today.

What does this program do?

Also known as the Section 504 Home Repair program, it provides loans to very-low-income homeowners to repair, improve, or modernize their homes, or provides grants to elderly, very-low-income homeowners to remove health and safety hazards.

Who can apply?

To qualify, you must:

  • Be the homeowner and occupy the house
  • Be unable to obtain affordable credit elsewhere
  • Have a family income within the very-low or low income limit
  • For grants, be age 62 or older

What is an eligible area?

Properties must be located in an eligible rural area. You can visit the USDA Income and Property Eligibility website (available at this link: https://go.usa.gov/xzcdM) for complete details.

Is there a deadline to apply?

Applications are available year-round as long as funding is available, and are processed in the order they are received.

How can funds be used?

To qualify, you must:

  • Loans can be used to repair, improve, or modernize homes, or to remove health and safety hazards.
  • Grants must be used to remove health and safety hazards.

How long does an application take?

Approval times depend on funding availability in your area. Talk to a state or area office-based USDA home loan specialist (a map is available at this link: https://www.rd.usda.gov/browse-state) for help with your application.

What are the terms of the loan or grant?

  • Loans are repaid over 20 years.
  • Loan interest rate is fixed at 1 percent.
  • Full title service is required for loans greater than $25,000.
  • Grants have a lifetime limit of $10,000.
  • Grants must be repaid if the property is sold in less than three years. state) for help with your application.

What governs this program?

How much money can I get?

  • Maximum loan is $40,000.
  • Maximum grant is $10,000.
  • Loans and grants can be combined for up to $50,000 in assistance.

How do I get started?

Contact Thrive West Central, Community Development Department, and we will help you submit the application with all the necessary information and documents.