Grants directory
USDA Single Family Housing Repair Loans and Grants (Section 504) — City of Columbiana page
USDA Rural Development · Federal program
Loans up to $40,000 and grants up to $10,000; combined assistance up to $50,000.
This page for Columbiana residents describes USDA Section 504 home repair loans and grants for very-low-income homeowners. It says loans can reach $40,000 and grants can reach $10,000 to fix, improve, modernize, or remove health and safety hazards.
Program details
How it works
The page explains that the USDA Section 504 Home Repair Program provides loans to very-low-income homeowners to repair, improve, or modernize homes, and grants to elderly, very-low-income homeowners to remove health and safety hazards.
What the money covers
- Loans: repair, improve, modernize, or remove health and safety hazards.
- Grants: remove health and safety hazards.
Amounts and matching
- Maximum loan: $40,000.
- Maximum grant: $10,000.
- Loans and grants can be combined up to $50,000 total assistance.
- Loans are repaid over 20 years at a fixed 1% interest rate.
- Full title service is required for loans over $25,000.
- Grants have a lifetime limit of $10,000 and must be repaid if the property is sold within three years.
How to apply
The page says applications are available year-round as long as funding is available and are processed in the order received. It directs homeowners to contact a USDA home loan specialist through the Rural Development state office directory.
Timing and deadlines
No deadline is listed; availability is year-round subject to funding.
Full eligibility details
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