With the Home Rehabilitation Loan Program homeowners can make much needed repairs to their home to bring it up to code and make the home safe, livable, and healthy.
The Home Rehabilitation Loan Program (HRLP) helps homeowners make much needed home repairs to comply with city building codes and to make it safe, livable, and healthy.
How the HRLP Works
The program provides 0% interest repair loans that range from $15,000 to $75,000 that are forgiven once a 15-year affordability period is met. If it is necessary to demolish and replace an existing home, owners may be eligible for a 0% interest repair loan up to $130,000 for a term of 20 years, with a 25% shared equity lien on the home for an additional 10 years. No monthly payments for either type of loan are required but each of these loans places a lien against the home.
In either the home repair or replacement program the home must remain the principal residence of the homeowner for the entire term of the loan. If the owners choose to sell or rent the home, transfer title, refinance or drawn an equity loan prior to the end of the affordability period, the amount owed on the loan comes due.
Repairs to the foundation, roof, plumbing, HVAC, windows, and electrical
Major interior and exterior repairs
Complete rehabilitation of home, reconstruction if needed
Deferred 0% loan, terms up to 20 years, partially forgiven.
The home is within the Austin city limits
The home is a single-family detached home, that serves as a principal residence, and where occupants will continue to live after the improvements are made
Owner has clear title on the property, and ownership is in his/her name
Applicant has not been discharged from bankruptcy less than two years of application date
Applicant’s household income is 80 percent or less than the Austin area median family income
For Questions or More Information
Want to know more? Flyers about the program are availableEnglish and Spanish.