Rental rehab funds still available 11.05.08
Going, going, nearly gone.
Morenci’s rental rehabilitation program will soon expire, but there is still funding remaining for local spending.
Dawn Flynn, energy and housing director at the Community Action Agency office in Jackson urges rental property owners to hurry if they’re thinking of taking advantage of the program.
Property owners may receive up to $25,000 per unit for existing units or $35,000 per unit for new created rental units in the form of a five-year, forgivable loan.
Property owners must contribute a minimum of 25 percent of the total project cost.
The money can be used for new plumbing, heating, electrical systems, roofing, windows, doors, floor covering, bathroom and kitchen repairs and other miscellaneous needs.
Morenci was originally awarded $181,424 for the program and a portion of that funding remains unspent.
For more information, contact Flynn by calling 800/491-0004.
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