Housing Rehabilitation and Conservation is the single largest category of program expenditures of close to $2 million per year. More than two-thirds of this amount is allocated to single-family rehabilitation and home improvement. Housing/Neighborhood Development processes and structures financing for "large-scale" and "special population needs" rehabilitation projects.
The Housing/Neighborhood Services Department administers the following "routine" rehabilitation programs.
Owner Occupied - Direct/Deferred loans with terms based on household income and size. Available citywide for units posing threat to health, safety and/or stability.
Purchase-Rehab - Tandem bank-city loans for purchase and rehab of units to be owner occupied. Available citywide to lower income buyers.
Emergency Repair - Grant to correct imminent health or safety condition for very low-income owners.
Handicapped Assistance - Grant to remove architectural barriers to accessibility for lower income owners/tenants.
Rental/Investor Rehab - Direct loans for units occupied by low-income tenants. Terms based on proforma analysis of cash flow, rent affordability and services.
For more information and to make application for any of the above-described housing rehabilitation programs, please contact:
Housing and Neighborhood Services Department Rehabilitation Division
Sharon Johnson, Program Supervisor
P.O. Box 2511
Winston-Salem, NC 27102