Redevelopment Authority of the County of Fayette Homeowner Rehabilitation Program

How it works

The Redevelopment Authority of the County of Fayette says the Homeowner Rehabilitation Program offers no-interest loans, with a portion potentially forgiven over time, for qualified homeowners in Fayette County.

What the money covers

The brochure is a homeowner rehab flyer, but the excerpted official material does not list a full scope of eligible repairs in the search result. It does state that the program is for rehabilitation of owner-occupied homes.

Amounts and matching

The brochure does not state a maximum dollar amount in the excerpt available here.

It describes two repayment structures:

• Payback Loan: for borrowers under age 65, repayment is based on ability to repay using 30% of income as the total amount a family should pay for shelter costs. Mortgage payments, real estate taxes, property insurance, and utility costs are subtracted from 30% of total household income to calculate the payment amount.
• Deferred / Forgiveness Loans: if a borrower’s net shelter-cost amount is not sufficient to repay the principal within 20 years, or if the borrower is over age 65 or permanently and totally disabled, the principal may be deferred until the property is sold and no monthly payment is required.

The brochure also says homeowners may sell their property at any time, but the amount owed at sale becomes due.

How to apply

The brochure directs homeowners to contact the Redevelopment Authority of the County of Fayette to apply.

Timing and deadlines

No explicit application deadline or funding end date is stated in the brochure excerpt.

Home-hardening relevance

This is a general home-rehabilitation loan, not a wildfire-only program, but rehabilitation funds can sometimes be used for structural improvements depending on the project scope.