City & GEODC Announce Housing Rehabilitation Program in Hermiston
No-interest loans available up to $20,000
En Español (PDF)
Hermiston, Ore. – The City of Hermiston and the Greater Eastern Oregon Development Corporation (GEODC) are seeking applications for their Housing Rehabilitation Revolving Loan Program. The program, originally funded by a Community Development Block Grant, allows homeowners to take out zero percent interest loans to make essential home repairs. Homeowners also not required to make any repayments on the loan until they sell the home.
“This is a great opportunity for older workers, or seniors who are on a fixed income and want to remain in their homes, but can’t afford major repairs,” said David Drotzmann, Mayor.
Many types of repairs are eligible for the loan program, including those for health and safety concerns such as asbestos removal or structural repairs. Electrical, plumbing, and heating system repair or replacement are also eligible, as well as roofing repairs and weatherization like siding, windows, doors, and insulation. The program can also be used to install handicap accessibility items like wheelchair ramps.
The program is limited to low-moderate income households, but requires that the applicants actually own and occupy the home, as well as have enough equity in the home to secure the loan. The property also has to be located within Hermiston, can’t cost more than 50% of the county assessed Real Market Value, or be located in a flood zone. Manufactured homes must be newer than 1978 in order to qualify, and homeowners must maintain hazard insurance equal to the value of the property until the loan is repaid.
Those interested in learning more at no obligation may contact Judy Moore, with GEODC, at 541-612-7090, judy.mooregeodc.net, or visit www.geodc.net/housing-programs/
The City of Hermiston is a vibrant, and growing community of nearly 18,000 residents located at the cross-roads of the Pacific Northwest. Located near the intersection of Interstate 84 and Interstate 82, just minutes from a Columbia River port and the Washington state line, Hermiston is capitalizing on its strategic location as a transportation center and gateway to Oregon. To learn more about the exciting future of Eastern Oregon’s largest city, go to www.hermiston.or.us.
City of Hermiston Housing Rehabilitation Loan Program
The Northeast Regional Housing Rehabilitation Loan Program is a zero (0%), deferred payment, income limited, home repair program provided to assist homeowners with essential home repairs. The program is administered by GEODC and all repairs completed by State of Oregon licensed contractors. The goals of this program are to alleviate health and safety concerns, conserve and improve existing moderate housing, encourage energy conservation and the revitalization of neighborhoods. Funds are Subject to Availability
To qualify, you must:
- 1.Own or be buying your home
- 2.Occupy the home yourself (rental homes are not eligible)
- 3.Repairs must not exceed 50% of the county assessed Real Market Value (RMV) of the property
- The home must be located inside the Hermiston city limits
- Have an income less than:
- $32,550 - 1 person
- $37,200 - 2 people
- $41,850 - 3 people
- $46,500 - 4 people
- $50,250 - 5 people
- $53,950 - 6 people
- $57,700 - 7 people
- $61,400 - 8 people
- Meet other program requirements.
If you are interested in being placed on a waiting list for the program, please download, print and complete the form (PDF) and mail to the following address: GEODC, Attn: CDBG Housing Rehabilitation Grant, P.O. Box 1041, Pendleton OR 97801.
There is no obligation and all information is strictly confidential. The first qualified homeowners (determined by priority measures) returning the form will be the first to be considered for the Rehabilitation Program. To find out more about the Northeast Regional Housing Rehabilitation Program, please call the program manager, Judy Moore, at 541 612-7090, or at judy.mooregeodc.net.