Housing Rehabilitation Program
With the use of Federal dollars through the Community
Development Block Grant Program, the City of Farmington Hills has
a Housing Rehabilitation Program which will allow homeowners to
upgrade, improve and conserve existing housing within the City.
Low interest loans will be available to owner-occupied
single-family dwelling units, at a rate of 3%.
Deferred loans, with one payment, due upon the sale of the
property are also available.
What Home Improvements Can Be Made?
Any home repair that will bring the home up to code is eligible
for a low interest home improvement loan.
Examples include, but not limited to:
New electrical, heating or plumbing installations
Siding
Hot water tanks
Roofs/gutters
Sewer/water hook ups
Furnaces
Replacement windows
Weather-stripping/insulation
The program will finance building materials should the
applicant choose to do the work.
How Does the Loan Program Work?
Call the Farmington Hills Community Development Office for
information and applications. The phone number is (248)
871-2549.
Submit application with proof of:
- Ownership (deed or mortgage)
- Income (tax returns last year)
- Insurance (homeowners)
The application, a preliminary building survey, income and
tax verification and other information will be reviewed by the
Housing Rehabilitation Loan Board. The application is approved
or denied.
If approved, the homeowner must obtain three bids for the
approved work from a licensed, approved contractor. The bids are
reviewed by the Loan Board.
Once the home improvement is completed, a lien is placed on
the property for the amount of the loan, and payments begin.
Who’s Eligible?
You may qualify for home improvement assistance if:
- You own and occupy a home in Farmington Hills (person buying
on land contract as well as mortgages).
- Your taxes are paid up-to-date.
- Your household income does not exceed the Federal
guidelines.
| Family Size* |
Gross Family Income* |
| 1 |
Cannot exceed $39,150 |
| 2 |
Cannot exceed $44,750 |
| 3 |
Cannot exceed $50,350 |
| 4 |
Cannot exceed $55,900 |
| 5 |
Cannot exceed $60,400 |
| 6 |
Cannot exceed $64,850 |
| 7 |
Cannot exceed $69,350 |
| 8 |
Cannot exceed $73,800 |
*January, 2003 (subject to change)
Limits and Terms of Loans
The maximum loan is $10,000
The interest rate is 3%
Payment periods will be set by the Loan Board (loans may be
prepaid without penalty).
The minimum monthly loan payment is $15.
Deferred loans require one payment upon the sale of the
property.
A lien will be placed on the property in the amount of the
loan.
Other Loan Programs Available
The Michigan State Housing Development Authority (MSHDA) and
Oakland Livingston Human Service Agency (OLHSA) also have home
improvement programs.
Applications and Further Information
For further information on how to obtain a low interest home
improvement loan, call the Farmington Hills Community Development
Office at (248) 871-2549.
City of Farmington Hills
Housing Rehabilitation Program
31555 West Eleven Mile Road
Farmington Hills, Michigan 48336
Phone: (248) 871-2549
Fax: (248) 871-2521
