Home Rehabilitation Program

Fairborn low- to moderate- income homeowners may receive financial assistance to correct property maintenance issues, lead based paint hazards as well as much needed home repairs and improvements.  Several factors are reviewed prior to approval;  those include the urgency of the repair needed, overall condition of the property and the financial need of the applicant.

Assistance will be given in the form of a 5 year zero (0%) interest deferred/forgivable loan reduced 15% each year with 25% remaining due upon transfer of the property.  This will be secured by a mortgage and promissory note with a declining repayment period. 

Some generally accepted types of rehabilitation include roofs, gutters, windows, furnaces, electrical upgrades, walk stairs, plumbing, doors, water/sewer line repair, hot water tanks, structural deficiencies.                                         
To qualify for this program the homeowner must meet the following criteria:
Be the owner of the property
Must be your primary residence
Total household income must be at or below 80% of area median income
Carry active homeowner insurance
Current on property taxes
Interested homeowners can complete the application and contact Missy Frost to schedule an application review at 937-754-3060.