Oregon State Office 1201 NE Lloyd Blvd, Suite 801 Portland, OR 97232 Phone: 503-414-3353 Web site: http://www.rurdev.usda.gov/or/ Rod Hansen Housing Programs Director Rod.Hansen@or.usda.gov
Does your roof look like this? Housing Repair Loans and Grants
DO YOU NEED A HOME REPAIR LOAN? You may qualify for a 1 percent interest home repair loan through the Rural Development Section 504 Home Repair Program.
• Do you live in and own, or are you purchasing a home that needs repairs or improvements? • Is your family income below 50 percent of the median county income?
If so, we may be able to help with your… • Leaky roof • Unsafe wiring • Faulty plumbing • Poor heating
And other repair needs The following eligibility requirements apply • You must own and occupy the property with a single family dwelling in need of repair. • You must live in a rural area or a community with less than 25,000 people. • Your family income cannot exceed 50% of the median county income. • You must have an acceptable credit history if you are seeking a loan. • You lack money to pay for repairs. • You must be 62 years of age or older to qualify for a grant or a combination loan and grant. • Applications are filed with USDA Rural Development area offices located statewide.
WHAT CAN 1% DO FOR ME? What will be my payment? A $5,000 loan = $23 per month A $10,000 loan = $46 per month A $15,000 loan = $69.00 per month A $20,000 loan = $92.00 per month Maximum loan per family - $20,000 Maximum grant per family - $7,500 Maximum combination loan and grant - $27,500
For More Information Contact The USDA, Rural Development Office in your area or the USDA Rural Development State Office at: Portland (503)414-3335 Toll Free 1-866-923-5626 Ext. 1 Administrative Office for Oregon Corvallis (541)750-7126 Benton, Clackamas, Clatsop, Columbia, Lane, Linn, Lincoln, Marion, Multnomah, Polk, Tillamook, Washington, and Yamhill Pendleton (541) 278-8049, Ext. 4 Baker, Gilliam, Grant, Malheur, Morrow, Umatilla, Union, Wallowa, and Wheeler
Redmond (541)923-4358, Ext. 4 Crook, Deschutes, Harney, Hood River, Jefferson, Klamath, Lake, Sherman, and Wasco Roseburg (541)673-0136, Ext. 4 Coos, Curry, Douglas, Jackson, and Josephine
After USDA Repair
EQUAL HOUSING OPPORTUNITY
USDA Rural Development is an Equal Opportunity Lender, Provider and Employer. Complaints of discrimination should be sent to USDA, Director, OCR, Washington D.C. 20250-9410.