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Housing Rehabilitation Loan Program (HRLP)
This program offers loans of up to $35,000 at 3% interest rates to low- and moderate-income home owners and landlords who rent to low-income tenants in order to make necessary State Housing Code repairs or handicapped- accessibility modifications.
How To Apply
- Make sure you (the borrower) meet all borrower requirements.
- Ensure the property you want to moderately rehabilitate meets all requirements.
- Understand the loan terms and related details.
- Contact the DSHA Contact Person to learn more.
Availability of Funds
Funds are currently available.
Borrower Qualifications
To qualify as a homeowner, the homeowner's current household income cannot exceed:
| County | Homeowner's Adjusted Income by Family Size | |||||||
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
| New Castle | $58,075 | $66,355 | $74,635 | $84,915 | $89,585 | $96,140 | $102,810 | $109,480 |
| Kent | $40,595 | $46,345 | $52,210 | $57,960 | $62,560 | $67,275 | $71,875 | $76,475 |
| Sussex | $37,835 | $43,240 | $48,645 | $54,050 | $58,420 | $62,675 | $67,045 | $71,300 |
To qualify as an investor or landlord, the income of a tenant (living in an investor- or landlord-owned property) cannot exceed:
| County | Tenant's Adjusted Income by Family Size for Investor-Owner Properties | |||||||
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
| New Castle | $36,750 | $42,000 | $47,250 | $52,400 | $56,700 | $60,900 | $65,100 | $69,300 |
| Kent | $28,200 | $32,250 | $36,300 | $40,300 | $43,550 | $46,750 | $50,000 | $53,200 |
| Sussex | $26,300 | $30,100 | $33,850 | $37,600 | $40,600 | $43,600 | $46,600 | $49,650 |
Notes
- Loans are made to low- and moderate-income home owners and landlords who are willing and able to repay the 3% loan.
- The financial assistance is used to moderately rehabilitate existing properties to comply with the State Housing Code or to make a property handicap-accessible.
Property Qualifications
Properties must be in need of State Housing Code-related repairs or be in need of handicap-accessible modifications.
Loan Terms
- Loans to landlords are up to a maximum amount of $25,000 per unit at a 3% interest rate for a maximum 15 year term.
- Loans up to a maximum of $35,000 per unit for owner-occupants are made at a 3% interest rate for a maximum 15 year term.
DSHA Contact Person
If you qualify and want to participate, please contact Janice Porter-Brathwaite, Housing Rehabilitation Loan Supervisor, at 302.577.5001
