Monday, April 16, 2018

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Funds available to assist Dutchess seniors with home repairs

POUGHKEEPSIE – Funding is available to help senior citizens in Dutchess County complete minor to moderate rehabilitation on their homes through the county’s Senior Rehab Program.

The program provides zero-percent loans and deferred payment loans up to $20,000 to income eligible senior citizens.

Loans are repaid through a monthly payment, while deferred payment loans have no monthly payment and are repaid when the homeowner leaves or sells the property.

Households making between zero and 50 percent of the county median receive deferred payment loans and households making between 50 and 80 percent of the county median receive zero percent interest loans.

Eligible applicants must be 62 years of age or older at the time of the application. They must be named on the deed as an owner, and their household income must be below maximum income levels of:

  • Family of one, $50,350
  • Family of two, $57,550
  • Family of three, $64,750
  • Family of four, 71,900

 

 


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