Monmouth County offers Home Repair Assistance

By
Real Estate Agent with Resources Real Estate

To assist homeowners with plumbing, electrical, structural, roofing, heating, ventilation and lead-based paint remediation, the Monmouth County Planning Board has a program that will provide up to $20,000 in assistance to 70 financially qualified Monmouth County households who apply by Dec. 16.

"This program helps homeowners on tight budgets make necessary home repairs and upgrades and encourages them to stay in their homes," said Monmouth County Freeholder Deputy Director John D'Amico, liaison to the Planning Board.

"Applicants must meet gross income limits based on their family size to be eligible for the 10-year, interest-free, deferred payment loan," D'Amico said.

To qualify, a homeowner must be listed on the deed to the home, live there yearround and be up-to-date with all mortgage payments, water and sewer charges, and real estate taxes. The loan will be totally forgiven if the homeowner resides in the home for 10 years after the repairs are completed, according to a press release.

Interested homeowners should submit a "Monmouth County Housing Improvement Program Coupon" to the Monmouth County Planning Board - Housing Improvement Program, 1 E. Main St., Freehold, NJ 07728 by Dec. 16. A coupon can be obtained on the county's website or by calling 732-431-7460.

A random drawing will be held for the available spots in the 2010 program. There is a limit of one coupon per household.

Homeowners in the following towns are eligible to apply: Aberdeen, Allenhurst, Allentown, Atlantic Highlands, Avon-by-the- Sea, Belmar, Bradley Beach, Brielle, Colts Neck, Deal, Eatontown, Englishtown, Fair Haven, Farmingdale, Freehold Borough, Freehold Township, Hazlet, Highlands, Holmdel, Howell, Interlaken, Keansburg, Keyport, Lake Como, Loch Arbour, Manalapan, Manasquan, Marlboro, Matawan, Millstone, Monmouth Beach, Neptune, Neptune City, Ocean, Oceanport, Red Bank, Roosevelt, Rumson, Sea Bright, Sea Girt, Shrewsbury, Shrewsbury Township, Spring Lake, Spring Lake Heights, Tinton Falls, Union Beach, Upper Freehold, Wall and West Long Branch.

This program is funded by the Monmouth County Board of Freeholders through a grant from the U.S. Department of Housing and Urban Development (HUD).

Posted by

Thomas McCormack
Managing Partner - Broker
Resources Real Estate
Rumson, NJ  |  Monmouth Beach, NJ  |  Red Bank, NJ
ResourcesRealEstate.com
732-212-0440

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