Homeowner Rehab Program

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Pre-Purchase Rehab Program

HOME Consortium Pre-Purchase Rehab Program

This program is used in conjunction with the home buyer program to do code required repairs based on results of Code Inspection.

  1. 0% Deferred loan up to $14,999 or 110% Loan-to-Value Ratio
  2. Income at or below 80% of Jefferson County Low-Moderate Income Guidelines
  3. Assessed value after repairs cannot exceed $238,000
  4. Priority Repair Activities include repairs to mechanical or structural items that present an imminent health and safety problem such as: Roofs, Mechanical Systems (furnace, hot water heaters), Windows, Electrical, Foundation, Siding, Accessibility Improvements
  5. Payable on sale or transfer
  6. Procedure to Apply:
    • Contact your lender to begin application process
    • Home inspection conducted by program contracted staff
    • Homeowner submits bids based on home inspection results
    • Loan closes, and contractor, homeowner and program administrator sign agreements
    • Work begins on home (all work must be completed within 6 months)
    • Final inspection done after work completed; contractor payments issued after final inspection

Post-Purchase Rehab Programs

These programs provide favorable funding to assist Jefferson County eligible home owners with needed home repairs. Repairs include mechanical, structural and accessibility repairs and improvements that are approved by Community Housing Initiative, the program administrator.

HOME Consortium Post-Purchase Rehab Program

  1. 0% Deferred loan up to $15,000 or 110% Loan-to-Value Ratio
  2. Income cannot exceed 80% of Jefferson County Low-Moderate Income Guidelines
  3. Assessed value after repairs cannot exceed $238,000
  4. Fees
    • Application fee of $75 collected at time of application
    • Recording fee of $30 collected at loan closing
  5. Eligible Repairs: Roofs, Mechanical Systems (furnace, hot water heaters), Windows, Electrical, Foundation, Siding, Accessibility Improvements
  6. Payable on sale or transfer of property
  7. Procedure to Apply:
    • Contact Home Consortium staff to obtain application (262.896.8170)
    • Home inspection conducted by program administrator staff
    • Homeowner submits bids based on home inspection results
    • Loan closes, and contractor, homeowner and Home Consortium staff sign agreement
    • Work begins on home
    • Final inspection done after work completed, contractor payments issued after final inspection

Southern Housing Region Home Owner Rehab Program

  1. 0% Deferred Loan up 115% Loan-to-Value Ratio
  2. Income cannot exceed 80% of Jefferson County Low-Moderate Income Guidelines
  3. Application fee, inspection fee and recording fee – up to $655 (this can be reimbursed to the homeowner)
  4. Eligible Repairs: Handicap Accessibility, Replace Windows and Doors, Repair/Replace Heating Systems, Water Heaters and Plumbing systems, Siding and Porch Repairs, Roofing, Electrical Upgrades, Connect Water and Sewer Lines, Other General Improvements
  5. Payable on sale or transfer of property
  6. Procedure to Apply:
    • Contact MSA staff to obtain application (1.800.552.6330) or download below
    • Home inspection conducted by program administrator staff
    • Homeowner submits bids based on home inspection results
    • Loan closes, and contractor, homeowner and MSA staff sign agreement
    • Work begins on home
    • Final inspection done after work completed, contractor payments issued after final inspection

Download Southern Housing Region Owner-Occupied Rehabilitation Program application here.

Download Southern Housing Region Renter-Occupied Rehabilitation Program application here.