Single Family Owner Occupied Rehabilitation (SFOOR):
Have you been waiting to pursue a home-repair project? Do you own your home?
Home improvement loans are available now below market rates and with flexible terms to help with your homes health, safety, efficiency, and quality.
Call Jennifer Kermode (970) 641-7901 or email email@example.com to learn about qualification.
A major concern of Gunnison County homeowners is the keeping up necessary but costly repairs. This is particularly true of older homes with weathered roofs, worn siding, out-dated plumbing and heating systems, drafty windows, or outmoded electrical wiring. Through the Colorado Division of Housing, low-interest loans are available for qualified applicant homeowners to provide funds for needed repairs and updates to homes in Gunnison County. Gunnison Valley Regional Housing Authority has partnered with Delta Housing Authority to offer Single Family Owner Occupied Rehabilitation (SFOOR) program for 2017.
The goal of the Program is provide money for home repairs: To remove deficiencies or health and safety hazards, correct substandard conditions, correct violations of local housing codes, maintain housing stock and historical preservation, and improve energy efficiency. The program empowers residents of the community to design and implement strategies for our specific needs. The program strengthens public-private partnerships in the development of affordable housing; it also mobilizes community resources in support of affordable housing
There are five low-interest loans available.
- The loans are for
o Owner occupied housing types
o Primary Residence
o Supplies and or labor
o Loans do not apply to rental housing and manufactured homes on rental lots.
Minimum amount is $1,000. The maximum amount per loan available is $24,999 (the loan program can make exceptions). The loan program can grant these low interest loans up to $5,000 dollars in case of emergency repairs for manufactured homes on rented lots.
Eligibility is based on households making at or below 80% of Area Median Income (AMI). View the 2017 AMIs only here.