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HRDC outlines Park County home-repair program to preserve older, low-income owner homes
Summary
HRDC program manager Catherine Neely told commissioners the Park County Home Repair Program, funded by a Montana CDBG housing-stabilization grant, will offer 0% loans forgiven over 15 years to address health, safety and energy-efficiency needs for income-eligible homeowners; limited funding means roughly 15 households can be fully served at current funding levels.
Catherine Neely, Park County Housing Coalition program manager with HRDC, presented the Park County Home Repair Program to commissioners on Feb. 10, saying the program’s goal is “to preserve the homes of low and moderate income county homeowners” by addressing critical health and safety hazards, improving accessibility and weatherizing homes.
The program is funded through a Montana Department of Commerce Community Development Block Grant (CDBG) housing-stabilization award in partnership with Park County and is structured, Neely said, as “a 0% interest, 0 monthly payment loan with a 15 year term.” She told the commissioners the loan is forgiven progressively…
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