Considering moving to Kentucky? Well, the cost of living is a major factor when planning to relocate to an area. Kentucky is a great state to stay in because the disparity between the average salary and the cost of living is not that large. Kentucky is a less expensive state to live in compared to New York or even California. Becoming homeownership is very easy. You don’t have to use a lot of money to acquire quality housing for your loved ones. Maintaining the safety and health of your loved ones at home is also easy. You simply need to make use of the available home repair resources to acquire grants and support to meet your needs. This article discusses the home repair grants in Kentucky. Keep reading.
HOME Investment Program
The HOME Investment Program helps homeowners in Kentucky with home repair grants. The program directs its services to low-income homeowners and those coming from economically deprived areas in Kentucky. The Kentucky Department of Housing administers this program. You can apply for the program support through the department. Your credit history doesn’t matter when determining eligibility. You must, however, meet the low-income limits in your area. Read more at http://www.kyhousing.org/Development/Pages/HOME-Investment-Partnerships-Program.aspx.
Habitat for Humanity
Habitat for Humanity doesn’t just build houses. They also offer grants to help homeowners with home repairs. You must be willing to do sweat equity on the home before having access to the program benefits. Home improvement assistance through Habitat for Humanity is only limited to issues that threaten the health and safety of the residents. Are you a single mother veteran, living with disability, or an elderly looking for home repair assistance? Don’t hesitate to apply for support. Visit https://www.habitat.org/ for more details.
The Federal Appalachian Housing Enterprise
Living in a rural area in Kentucky? The Federal Appalachian Housing Enterprise may help you with home repair grants to make the necessary improvements in your living space. The program aims to make Kentucky homeowners’ lives better by improving their living conditions. Read more at https://fahe.org/.
Kentucky Weatherization Assistance Program
You can use the weatherization assistance program to make your home more energy-efficient. The program provides free home upgrade services to eligible homeowners. You may get free replacement/repair of cooling and heating systems, insulation, new flooring, and other updates that improve the condition of your housing. The program prioritizes home repair needs of single mothers, disabled, seniors, and the veterans. Find out more at http://www.kyhousing.org/Development/Single-Family/Pages/Weatherization-Assistance-Program.aspx.
The Houseworks Repair Program
The Houseworks Repair Program provides loans to help homeowners make upgrades to their homes. you can use this program, along with other grants to make your home look better. The program provides up to $10,000 for home repairs. There is a condition, however. You must be able to put up some collateral to have access to the program loan. The loan interest rates vary. Read more at http://www.kyhousing.org/Development/Single-Family/Pages/HouseWorks-Repair-Program.aspx.
Kentucky Mountain Housing Development Corporation, Inc. (KNHDC)
This is a non-profit organization dedicated to offering affordable housing opportunities to families falling below the feral poverty line. The program operates in Clay, Jackson, Owsley, Bell, and Leslie counties in Southern Kentucky. The organization serves these counties because they are among the poorest and economically distressed counties in the U.S., according to the Appalachian Regional Commission. The organization has provided both housing opportunities and home repair services to over 1,300 low-income families, since its establishment. It runs its Home Loan Fund program, providing funds at low-interest rates to homeowners in need of home repair assistance. The Home Loan Fund program has provided over 1,000 low-interest loans to eligible households. Read more at https://kentuckymountainhousing.org/.
Single-Family Housing Repair Loans & Grants in Kentucky
The Single-Family Housing Repair Loans & Grants in Kentucky is provided by the USDA Rural Development. The purpose of this program is to offer funding support to low-income families and senior homeowners to help with home improvement needs. The program provides up to $20,000 1% interest loans to families in rural areas. The qualified low-income single moms, disabled, veterans, and the elderly homeowners may use the loan funds to repair, improve, or modernize their homes to make them better. The program also provides up to $7,500 grants to senior homeowners in rural areas. The grant money can be used to deal with safety and health hazards from homes. To qualify for the program support, ensure you own and occupy the house, meet the low-income limits in your area, and prove your inability to obtain credit elsewhere. Grants are not repaid unless the homeowner resells, refinance, or changes the property owners within three years of receiving the program funds. Low-income families qualifying for loans have up to 20 years to repay the funds. Families are allowed to apply for a combination of both loans and grants (up to $27,500). Read more at https://www.rd.usda.gov/programs-services/single-family-housing-programs/single-family-housing-repair-loans-grants/ky.
Make Covington Home Program
The Make Covington Home Program provides home repair support to low-income residents of Covington. The loans come with lower interest rates than the traditional loan programs. Even homeowners with poor and fair credit scores can qualify for the program assistance. Visit http://www.makecovingtonhome.com/ for more details.