The City of Tampa’s Owner-Occupied Rehab Program is an essential initiative that seeks to provide housing assistance to low and moderate-income homeowners in the city. The program offers financial assistance to those homeowners who are unable to afford necessary repairs and improvements to bring their homes up to code.
The loan terms for this program include repayment, deferred, and forgivable loans. The repayment loan allows homeowners to repay the loan either in full or in installments over a period of time. The deferred loan allows homeowners to defer repayment of the loan until they are able to afford to do so. The forgivable loan allows homeowners to repay the loan with no payments if certain requirements are met.
The program also offers grants that can be used to cover the cost of repairs and improvements. The grants may cover a variety of items such as roofing, siding, plumbing, electrical, and other necessary repairs.
The program is open to all homeowners in the City of Tampa who meet the eligibility requirements. To be eligible, homeowners must meet certain income requirements and must own and occupy the property for at least six months prior to applying for the program.
The City of Tampa’s Owner-Occupied Rehab Program is a critical initiative that provides much needed assistance to homeowners in the city. By providing financial assistance to those who need it, the program helps to ensure that homeowners remain in their homes and are able to maintain their homes in a safe and healthy condition.