Western Region Office 704 W. Nye Lane, Ste. 201 Carson City, Nevada 89703 clint@rndcnv.org Office: (775) 883-4413 Fax: (775) 883-0494
Pahrump Office 1301 S. Highway 160 NSB Building, Second Floor Pahrump, Nevada 89041 alparker@rndcnv.org Office: (775) 751-1947 Fax: (775) 751-1933
HOMEOWNER REHABILITATION
The Homeowner Rehabilitation Program assists low-income homeowners with repairs to their home. These improvements can address any Health and Safety Issues, Energy Conservation Measures, or Handicap Accessibility Needs.
Requirements:
Applicants must own the home and the property on which it is located. Property with existing mortgages are eligible.
Homeowners must carry and provide proof of homeowners insurance (flood insurance, if applicable) to adequately cover all existing mortgages on the property, including the deferred loan, for the duration of the loan. At completion of construction, homeowner will be required to list RNDC as an additional loss payee on the policy.
The deferred loan is secured by an interest free rehabilitation agreement between the applicant and RNDC and a Deed of Trust, to the benefit of the applicable agency providing the funding.
Where applicable the grant is secured by an interest free rehabilitation agreement that is forgiven over a 3 to 5 year period
Applicants acknowledge the approval of funds to complete rehabilitation is contingent upon the availability of funds in their region and their current status on the waiting list.
Funding: (pending availability and region)
Community Development Block Grants (CDBG): 3-year grants. Nevada Housing Division HOME Funds: Deferred loans. Western Nevada HOME Consortium: Deferred loans. Low Income Housing Trust Funds (LIHTF): Deferred loans.
RNDC is currently seeking licensed contractors to participate in its statewide Homeowner Rehabilitation Program. Please click here for RFP. Deadline to submit proposals is June 2, 2008. For more information, contact Doreen Venturino.