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PROGRAM HIGHLIGHTS:The first sentence should read: The maximum loan is $30,000 to correct substandard housing code violations. Payment of the loan is deferred until the property is sold, the title is transferred or the home is refinanced for cash out. Monthly payments are not required. The loan is secured by a mortgage placed against the property.
INCOME GUIDELINES: Family Size / Maximum Income*1 / $58,8502 / $ 67,2503 / $ 75,6504 / $ 84,1005 / $ 90,8006 / $ 97,5507 / $104,2508 or more / $111,000*Income limits subject to change pursuant to HUD requirements.