BEND, Ore. (KTVZ) — Deschutes County mentioned Thursday it’s partnering with NeighborImpact to supply a brand new home nicely help grant and mortgage program. Greater than $527,000 in funds can be found.
“As groundwater ranges decline, we proceed to see an elevated demand for home water help throughout the county,” mentioned Commissioner Phil Chang. “We’re grateful that these funds can be found to help residents who’re experiencing points.”
Funding for this system was supplied via SB 5561. The County obtained $585,200 from the state to offer native home and neighborhood nicely help.
Via this new program, the county has contracted with NeighborImpact, which can supply mortgage and rebate applications.
“Lots of people’s prices have elevated drastically as they work to deepen their wells or full repairs,” mentioned Commissioner Patti Adair. “We’re excited to get this funding out into the neighborhood to help residents who want it.”
Greater than $396,000 will likely be accessible via the NeighborImpact Dwelling Preservation Mortgage program.
“Thanks to the state for allocating these funds and our present neighborhood motion company, NeighborImpact, who is aware of learn how to get these assets out to our neighborhood,” mentioned Commissioner Tony DeBone.
To qualify for a mortgage, debtors have to be Deschutes County householders with annual family incomes at or beneath 100% of the realm medium earnings (AMI) by household dimension for the present 12 months. Debtors are eligible to borrow as much as $50,000. For a full checklist of mortgage necessities, go to https://neighborimpact.org/home-preservation-loan/.
Greater than $166,000 will likely be accessible to fund home nicely and help rebates. These one-time rebates are supposed to offset price incurred by householders to interchange or restore wells. Rebates mustn’t exceed $2,000 and can be found on a first-come first-serve foundation. Initiatives that incurred prices starting on Jan. 1, 2021 are eligible. Prices incurred previous to Jan. 1, 2021 are ineligible.