Housing Rehabilitation Program

Special Announcement

*** Zero percent (0%) loans are now available through October 31, 2012.

Call Debbie Matyka at (248) 246-3292 to find out additional information and apply.

General

The City of Royal Oak's Housing Rehabilitation Program offers financial and technical assistance to all low- and moderate-income single-family homeowners.  The program is designed to restore and upgrade the city's existing single-family housing stock, preserve neighborhoods city-wide, implement energy efficiency measures, develop safe, decent and accessible housing, and create an affordable housing option. 

Program funding is provided by the city’s Community Development Block Grant (CDBG) program (federal funds).

Rehabilitation Activities

The program may provide a loan amount not to exceed $40,000 for the following types of interior and exterior rehabilitation activities.

Interior
The modernization, repair, replacement or installation of:
- kitchen facilities
- bathroom facilities
- laundry facilities
- closets
- insulation
- leaking basements
- furnaces
- central air conditioning
- accessible / barrier-free accomodations such as:
  * walk-in showers
  * grab bars
  * door hardware
  * toilets
  * interior remodeling to accomodate wheel chairs
- additions to houses to increase livable floor area only in cases of overcrowding

Exterior
The repair, replacement, installation, & reconstruction of:
- roofing
- siding
- gutters
- downspouts
- storm doors
- doors
- trim
- exterior windows
- fencing
- accessible / barrier-free accomodations such as entry ramps
- miscellaneous masonry such as chimneys, porches, steps, bricks, etc
- improvement or reconstruction of sidewalks, access walks, driveways & driveway approaches

Types of Loans & Income Eligibility

Low-Interest Loans
Regular monthly installment loans, up to $40,000 with payments at three percent (3%) interest, require applicants to be the owner and occupant of a single-family dwelling with a household income that does not exceed the below requirements.

* HUD determined M.F.I.

Interest-Free Loans
The program also accommodates the many Royal Oak homeowners living on limited incomes for whom loans with a low interest rate are still out of reach.  Homeowners may be eligible for a deferred loan not to exceed $40,000.  These loans are interest-free and require no monthly payment.  The loan becomes due when the property is sold or transferred, or for a period of time as determined by the city's Loan Committee.  Applicants for deferred loans must have a household income that does not exceed the below requirements.

Application

Please complete and submit the application in person to the contacts listed below.
Application - Housing Rehabilitation Program (pdf format - 17k)

Contact

For more information regarding the program, please contact:

Housing Program
Third Floor
City Hall
211 Williams Street
Royal Oak, MI 48067-2619

P (248) 246-3130
F (248) 246-3139

The Fair Housing Act prohibits discrimination in housing on the basis of race, color, religion, sex, handicap, familial status or nation of origin.

Attachment	Size
Zero Percent Loan Program.pdf	32.35 KB