USDA Rural Development Housing Preservation Grant
The City of Lapeer received a USDA Rural Development Housing Preservation Grant (HPG) grant September 20th, 2020 to rehabilitate at least (9) nine housing grant projects within the City of Lapeer. The grant territory is the entire City of Lapeer.
Housing Preservation Grant
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 $7,500 with a minimum of $1,000. Higher grant funding may be considered on a case by case basis.
This program is designed as a home improvement loan to assist moderate income families with repairs on single-family, owner-occupied homes. Retention Agreements are 0% interest and deferred (no monthly payments).
Home repairs are intended to improve the existing home. Examples are roof repair, replacement doors and windows, electrical/plumbing improvements, and ADA accessibility installation.
Existing homeowners may use up to $7,500 in grant funding on a qualified project. To encourage sustainability, 100% of the grant money used is 100% forgiven if the family remains in the home for 3 years. If the home is sold within the 3 year Retention Agreement term, the grant funds will be required to be paid back to the City of Lapeer. 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, Human Development Commission’s Weatherization Program, or MSHDA’s Neighborhood Preservation Grant or Property Improvement Loan Program when funding is available.
Contact Shelley Lincoln, Grant Administrator at (810) 245-4212 or slincoln@ci.lapeer.mi.us for more information.
City of Lapeer Home Rehab Application
|
% AMI |
1 person |
2 person |
3 person |
4 person |
5 person |
6 person |
|
80% |
$50,150 |
$57,300 |
$64,450 |
$71,600 |
$77,350 |
$83,100 |
USDA Rural Development Application Packet - Please complete and sign all 5 documents below and return to the City of Lapeer Housing Improvement Department:
1 - City of Lapeer Housing Grant Application
2 - Income Checklist (Each adult in the household must complete a checklist)
3 - Required Document Checklist
4 - USDA Rural Development Authorization Form
5 - Asbestos and Lead-Based Paint Hazard Testing Form
Additional Information:
USDA Full Equal Opportunity Clause
