CITY OF LAPEER HOMEOWNER REHABILITATION PROGRAM

The City of Lapeer received a Michigan State Housing Development Authority (MSHDA) HOME grant on May 1st, 2017 to rehabilitate at least (2) two Homeowner Rehabilitations (HO) within the City of Lapeer Homeowner Rehabilitation Program grant territory. The grant territory is the entire City of Lapeer.

Homeowner Rehabilitation (HO)

Households must have incomes at or below 80% of Lapeer County’s Area Median Income.  For Homeowner Rehabilitation, the maximum grant funds allowed per unit is $40,000 with a minimum of $1,000.

This program is designed as a home improvement loan to assist moderate income families with repairs on single-family, owner-occupied homes.  Loans are 0% interest and deferred (no monthly payments). 

Home repairs are intended to improve energy efficiency, reduce lead hazards and may include modernization. Examples are roof repair, vinyl siding, replacement doors and windows, electrical/mechanical/plumbing improvements, and interior updates.                        

Existing homeowners may use up to $40,000 in grant funding.  To encourage sustainability, 50% of the grant money used is 100% forgiven if the family remains in the home for 5 years, the remaining 50% is due back to MSHDA when the family  no longer lives in the home—generally paid back by proceeds of a sale.  This program is an excellent way to build equity on your investment! 

Homeowners contribute to project costs based on household income in the form of a leveraged match.  The grant administrator will work with families to secure the match funding from potential sources such as the Federal Home Loan Bank, USDA Rural Development, Human Development Commission’s Weatherization Program, or MSHDA’s Property Improvement Loan Program when funding is available. 

Contact the Lapeer Housing Improvement Department Grant Administrator for more information.

Home Rehab Program Application