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CDBG Owner Occupied Home Rehabilitation Program

Program Coordinator: Mike Isitoro (815) 338-7752 X133

 McHenry County Housing Authority has received funding through the CDBG Program administered by the County of McHenry for the Single Family Owner-Occupied Rehabilitation Program to assist low income home owners of McHenry County with Health, Safety, and accessibility issues.

 

To be eligible for this program, you must own and reside in your home and have a household income no more than 50% of the area median income. 

 

This program will be administered on a first come, first served basis until all designated funding is allotted to eligible home owners.

 

Projects that cost under $3,000.00  qualify as  no payment no interest loans that will be forgiven over a five year recapture period. Projects costing $3001.00 and over qualify as a no payment no interest deferred payment loan that must be paid in full upon sale of home.

Annual Income Limit

Size of Family                        Annual Income

                                                      1                                $26,600

                                                      2                                $30,400

                                                      3                                $34,200

                                                      4                                $38,000

                                                      5                                $41,050

                                                      6                                $44,100

                                                      7                                $47,150

                                                      8                                $50,200