The city of Sunrise FL to offer financial aid to homeowners for home repairs and replacement

The city of Sunrise FL to offer financial aid for home repairs and replacement

Residents of Sunrise FL can now apply for financial aid to apply towards home improvements under the city's Housing Rehabilitation Program. Owner occupied property can apply for loans to pay for critical renovations.

They must be verify the home repairs and or replacement to deteriorated systems as well as any unidentifiable health hazards.

The way it works is by having the city forgive 20% of the loan for each year the borrower remains in the home. The program draws on state and federal money for the loans. To qualify....individuals must have earned less than $24,900 in the 2007 tax year and a family of four must have earned less than $35,600. Some other items needed to be supplied along with their completed application form are their W-2 tax returns for the last 2 yrs...their last 3 pay stubs...6 most recent bank statements...divorce,alimony,child support,pension and social security information if applicable. They will also need to show proof of home ownership,paid property tax and insurance bills....etc.

According to city commissioner Donald Rosen... the financial aid program will not only add value to the homes that have been effected by the recent rise in foreclosures....but will also provide critical equity lines for building improvements.

Decreasing values.....poor neighborhhood conditions and homes that were damaged after the last big hurricane has caused many homeowners not to be unable to repair the damage and improve their properties due to lack of funds available. This program will most certainly will improve current conditions in the long run. The program started about 15 years ago.

I think this could be a program that will help maintain the community as well as help people make those critical repairs they need to keep their property more habitable. My hat goes off to the city of Sunrise FL!

All applications will be taken on a first come first serve basis.

For more information ....please call the city grants administration team at (954)572-2315

For more information please contact Neal The Real Deal Bloom-Realtor® /RE/MAX Premier Associates

2500 Weston Road ,Suite 103

Weston FL 33331

(954)608-5556

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