Funds for Wbg. home repairs may be available By Thom Randall
WARRENSBURG | Homeowners of mid-range or low-income who would like financial help in repairing or rehabilitating their Warrensburg homes are urged to fill out a pre-application within the next few weeks for such assistance.
The town of Warrensburg is applying for a state Community Development Block grant of $400,000. Funded by the state Office of Community Renewal, the grant is to enable homeowners to make upgrades to their single-family residences.
Warrensburg Town Supervisor Kevin Geraghty informed town board members about the pending grant application at their July 13 meeting.
Such repairs could be vital plumbing or electrical work, insulation upgrades, or repair or replacement of heating systems and windows. Structural repairs are also included in this program.
This housing rehabilitation initiative is a project of the town of Warrensburg’s Economic Development Committee.
Janet Tallman, head of the group’s housing subcommittee, said the more homeowners that submit pre-applications by late August, the more likely Warrensburg is to receive the $400,000 block grant.
People applying for such funding must own and occupy the home to be repaired. Also, the home must be within the town boundaries and be the applicant’s primary residence. In addition, the applicant must be current with all town, county and school property taxes.
Applicants also must meet household income qualifications.
If the house is occupied by a family of six, the household income limit is $80,100. for five people, the income limit is $74,600; for four, the limit is $69,050; for three, $62,150; for two, $55, 250; and for one person, the limit is $48,350 annual income.
Full details are available on grant pre-applications, which are available at the Warrenburg Town Clerk’s Office at 3797 Main St., Warrensburg.
“We want any homeowner in town who meets the criteria and wants funding for home repairs to submit a pre-application,” she said, noting that if Warrensburg is appropriated the funds, the allocation to each homeowner might be anywhere from $5,000 to $25,000 — with no requirement for a homeowner to match the money granted.
Technically, the financial assistance is provided as a “declining balance loan,” with no payments required as long as the applicant maintains the eligibility requirements, she said. This specialized “loan” formally becomes a grant upon completion of a 5- to 10-year period, depending on the amount of assistance. The sale of a home receiving such funding may result in a mandatory repayment of a portion or all of the money to the state.
Tallman said that a large number of pre-applicants might prompt the state to award subsequent grants, so it would be helpful for the town to receive as many pre-applications as possible. https://suncommunitynews.com/news/98251/funds-for-wbg-home-repairs-may-be-available/