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Owner-Occupied Rehabilitation
Brochure

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Pre-Application
Guidelines

Housing
Home
Down Payment Assistance
New Construction

 

HOUSING STAFF

Judy Joy
Loan Specialist
judy@nenedd.org
402-379-1150
ext. 111

Martin Griffith
Housing Specialist
martin@nenedd.org
402-379-1150
ext. 107

 

Housing

Owner-Occupied Rehab

Owner-Occupied Rehabilitation (OOR)

Program Guidelines

 

Eligible Improvements

• Home must be owner-occupied to qualify
• Home cannot be converted to rental property
• Homeowner(s) must meet income guidelines
• Loan falls due upon transfer of title of property (including forgivable loans)

 

• Foundations
• Sagging or rotten beams, joists, columns
• Stairs or porches
• Roofs or chimneys
• Floors

Energy Conservation/Weatherproofing
• Insulation of ceilings & walls
• Repair/replacement of windows & doors
• Caulking & weather-stripping
• Installation of storm windows & doors
• Removal & installation of roof covering
• Painting or replacement of siding & trim

Modernization
• Plumbing & plumbing fixtures
• Furnace & water heaters
• Air conditioning
• Lighting & wiring

Interior Renewal
• Repairing of walls, ceiling & floors
• Painting & paneling
• Room rearrangement
• Additions to alleviate overcrowded conditions

   

Program Goals

 

• Reduce monthly utility costs
• Improve energy performance in conjunction with the rehabilitation project
• Minimize ongoing maintenance for homeowners
• Preserve the housing unit
• Add to the quality of living

 
   

Program Qualifications

 

Program is based upon household income and household size. Applicants can qualify for the following programs:

Program A
2% interest rate loan;
up to 20 year term
(maximum 240 payments)

Program B
1% interest rate loan;
up to 20 year term
(maximum 240 payments)

Program C
0% interest rate loan;
up to 20 year term
(maximum 240 payments)

Program D
100% forgivable loan;
10 year term
(must be 62 years or older to qualify)