Finally, Help Through the Funding Maze. . .
Illinois Assistive Technology Program Funding Manual
Housing Programs -
USDA Rural Development
Contact Information
Housing Programs
USDA Rural Development, Room 5014-S
Mail Stop 0701
1400 Independence Avenue SW
Washington, DC 20250-0701
202-690-1533
800-877-8339 Information Relay Service
202-690-0500 fax
For more information...
Services
Home Repair Loan and Grant Programs - For families and individuals with very low incomes, Rural Development makes loans for repairs, to improve or modernize a home, make it safer or more sanitary, or to remove health hazards. For seniors 62 and older who cannot afford a loan, grant funds are available for these repairs.
The most common types of repairs financed by the Section 504 program include fixing or replacing roofs, modernizing heating and wiring systems, and making houses accessible to people with disabilities.
You can also apply for funds to install insulation and storm windows, put in a septic system, and install or repair a bathroom.
The maximum amount you can borrow under the Section 504 Home Repair Loan program is $20,000. The interest rate for these loans is 1 percent and is limited to very-low-income, rural residents whose incomes fall below 50 percent of the area's median income.
For very-low-income homeowners 62 years old and older who can't afford to borrow the full amount required to make necessary repairs, grant funds are available. Grants may be used to remove health or safety hazards or to remodel dwellings or make them accessible to household members with disabilities. Grants are limited to $7,500. They are often combined with loans to increase the amount available for repairs.
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