It has been several years now that the housing market has been in a downturn. Rather than sell during this time, many homeowners have chosen to upgrade and remodel. The federal government has offered tax breaks for installation of energy saving features and appliances. The city of Marietta Georgia's Housing and Community Development Division offers a program to help qualified low and moderate-income families repair their homes.
The loan can be used for plumbing, heating, electrical, roofing and other repair needs. The money can also be used to eliminate lead paint and other hazardous materials. Given at zero percent interest, the loan does not have to be repaid until home is sold. To qualify, the homeowner must have paid off enough of the loan or mortgage to secure the cost of the work. Household income must be below 80 percent of median income, less than $40,250 for one person and the homeowner must not have received assistance previously.
If you think you may qualify, check now, since funds are limited. Marietta Housing and Community Development Division can be reached at 770-794-5610.