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Rocky Mount staff outline housing repair loan and grant policy proposals; 53 applications await action
Summary
City staff described two housing programs — a $20,000 urgent-repair grant (eligibility raised during discussion) and a proposed substantial-rehab loan of up to $50,000 (forgivable over five years) — and said 53 applications have been received and are ready for processing once council adopts policy.
City staff presented proposed policy details for two housing programs at a Rocky Mount City Council work session and said 53 applications for housing repair or rehab are currently on file pending council action on program policies.
Manager Lauren (presenting housing program proposals) summarized a rehabbing program intended to preserve single-family homes by assisting low- and moderate-income households. She said staff previously administered a $15,000 urgent-repair grant and that staff altered policy to increase that grant amount to $20,000 and raise eligibility from 80% of area median income (AMI) to 120% AMI for that grant program. She also described a substantial-rehab assistance program…
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