The City of Natchitoches will be hosting a workshop to assist interested homeowners with the USDA Rural Development Single Family Housing Repair Loan and Grant program on Saturday, Nov. 6 from 10 a.m. – 2 p.m. at the MLK Recreation Center.
Known as the Section 504 Home Repair program, this program provides loans to very low income homeowners to repair, improve and modernize their homes or provides grants to elderly (age 62 and older) homeowners to remove health and safety hazards.
To qualify for the loan, homeowners must (1) be the homeowner and occupy the house, (2) be unable to obtain affordable credit elsewhere, (3) have a family income below 50 percent of the area median income. For grants, the homeowner must be age 62 or older and not be able to repay a repair loan.
If applicants can repay part, but not all of the costs, applicants may be offered a loan and grant combination. Loans may be used to repair, improve, or modernize homes or to remove health and safety hazards. Grants must be used to remove health and safety hazards only.
The maximum loan is $20,000 and the maximum grant is $7,500. Loans and grants can be combined for up to $27,500 in assistance. Please RSVP your attendance by emailing email@example.com by Nov. 1.
For more information, contact the Mayor’s Office at (318) 352-2772.
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