DHCD - HOUSING AUTHORITY REDEVELOPMENT AUTHORITY
BULLETIN
August 10, 2018
DHCD
Housing Rehabilitation Assistance Program (HRAP)
The Prince George’s County Department of Housing and Community Development has partnered with Housing Initiative Partnership and the Redevelopment Authority of Prince George’s County to provide home improvement loans of up to $60,000 to eligible homeowners who need to make repairs on their homes.
Eligible Applicants:
· Must own and occupy a home in Prince George’s County
· Must be current on mortgage payments, property taxes and property insurance
· Cannot have an “underwater” mortgage
· Total household income may not exceeds the program limits; see website for income limits: http://hiphomes.org/wp/wp-content/uploads/2010/10/Flyer_HRAP-2018.pdf
Eligible Repairs
· Health Hazards: Lead, mold and asbestos abatement
· Safety and Code Compliance repairs: Roof, electrical systems, plumbing, flooring
· Energy Efficiency: Windows, insulation, air sealing, siding
· ADA related improvements: Ramps, grab bars, railings
Loan Terms
· 0% interest, no monthly payments
· Maximum Loan Amount of $60,000
· Loans are repaid in full when the house is sold or transferred
· Maximum LTV 110%
How to Apply
· Call Housing Initiative Partnership, Inc. (HIP) at 301-699-3835 to request an application.
