Facing unexpected home repair and improvement expenses? There are several helpful programs in Vermont to help you meet your needs. This article discusses the home repair grants available for low-income homeowners in Vermont. These programs can be used by single mothers, veterans, disabled, and senior homeowners facing trouble financing their home repairs. Happy reading.
Single-Family Housing Repair Loans and Grants in Vermont
The purpose of this program is to provide financial assistance to low-income homeowners living in the rural areas of Vermont State. the program offers up to $20,000 loans at 1% interest rates to qualified low-income families. The families can use the loan funds to repair, modernize, and improve the conditions of their living. These loans are payable over 20 years. Senior homeowners may qualify for up to $7,500 grants to help them remove the health and safety hazards from their homes. Qualified senior homeowners must repay grant funds if they sell, transfer, or ceases to own their property. To qualify for the program assistance, homeowners must meet certain requirements. You must provide proof of homeownership, have below 50% of the area median income, be unable to acquire affordable credit, and be aged 62 or older for the grant application. Families may qualify for a combination of loans and grants; up to $27,500 funding support for home improvement. Applications for the program support are accepted through the local Rural Development Office. Check if your home address is eligible for financial assistance. The program doesn’t have specific times for approval; it depends on the availability of funding in your area. Need help with the application process? Reach out to a USDA loan specialist to help you navigate through the process. Read more at https://www.rd.usda.gov/programs-services/single-family-housing-programs/single-family-housing-repair-loans-grants/vt.
Champion Housing Trust’s Housing Loan Fund
The Housing Loan Fund program offers loans to low-income homeowners to help with home improvement, accessibility modifications, and energy efficiency. The disabled, senior, single mothers and veteran-homeowners may apply and get approved for the program support. Please read more at https://www.getahome.org/lending/.
Green Mountain Home Repair Program
This program is available to serve income-eligible families in Vermont. The program services are offered to homeowners in Windham and Windsor through the counties’ Housing Trust. It also offered to qualified families living in Orange, Washington, and Lamoille counties through the Downstreet Housing and Community Development. Homeowners may qualify for up to $2,500 grants. The funds are designed to help homeowners reduce their home repair-related costs. Find out more at https://www.homemattershere.org/home-repair/.
Home Repair Program
The Rural Edge offers this program to help low-income homeowners with financial assistance in form of low-cost loans and grants. The goal is to enable low-income families to live in safe and healthy homes free of hazards. The program’s eligible home repair services include electrical work, structural and foundation work, accessibility modifications, roofing, septic system repair, plumbing, heating systems, water/well systems, and weatherization assistance. Want to apply for the program assistance? Well, you must be a homeowner living in Essex, Orleans, or Caledonia counties. You must not be earning more than 80% of the area’s median income. Applications for the program assistance are accepted on a rolling basis and the Rural Edge staff are more than happy to help you navigate the process. Learn more about the program at https://ruraledge.org/home-repair.
NeighborWorks of Western Vermont
The NeighborWorks is a non-profit committed to helping low-income improve the safety and health of their loved ones at home. The organization may help with energy-efficient enhancement, plumbing, roofing, and accessibility modifications. The NeighborWorks funding is available to help veterans, people with disabilities, single moms, and elderly homeowners. Read more at https://www.nwwvt.org/home-repair-loan/.
Opportunity Credit Union
The Opportunity Credit Union helps low-income homeowners to make the necessary home improvements. To become a member of this union and apply for the program loan, you must have at least $5 in your savings account. You must also be willing to put some equity into your home to qualify for home repair assistance. Learn more about the union at https://www.oppsvt.org/personal-loans/.
Rebuilding Together of Greater Burlington
Rebuilding Together helps low-income homeowners improve the safety and comfort of their homes. The program is offered to the elderly, disabled, and low-income homeowners. So, if you have to meet your home improvement needs, consider applying for this program assistance. Learn more at http://rebuildingtogetherburlington.org/homeowners.html.
Vermont Center for Independent Living
This center provides Home Access Program to disabled homeowners to help with accessibility modifications in their bathrooms. The program maintains a waiting list and assistance is based on funding availability. Learn more about the program at http://www.vcil.org/services/home-access-program.
Vermont Weatherization Program
The weatherization assistance program helps low-income homeowners reduce their monthly energy bills by making energy efficient-related home improvements. Both low-income renters and homeowners can qualify for weatherization support. The program has trained energy auditors to perform energy audits at your home. The auditors may add insulation, repair roofs, upgrade heating systems, or add air sealing, depending on their findings. Read more at http://dcf.vermont.gov/benefits/weatherization.