Franklin County has been awarded some
housing money to help very low to moderate income residents recover
after Hurricane Michael.
County SHIP Administrator Lori Switzer
said the county will receive 1,235,000 for the Hurricane Housing
Recovery Program.
The funding was appropriated by the
legislature to help people with housing recovery and rehabilitation.
The money should be here in October.
The money will be distributed in two
ways – one will be for single family home repair.
Very low to moderate income residents
will be able to apply for up to 50 thousand dollars in a deferred
payment loan to repair their storm damaged homes as well as address
health and safety issues, remove trees and debris and make homes
handicapped accessible.
Loan terms will be for 10 years for
loans up to 25 thousand dollars and loans larger than that will be
for up to 15 years.
The second program will be for
manufactured home repair and replacement.
This will provide up to to 20 thousand
dollars for repairs and 75 thousand dollars if the manufactured home
needs to be replaced.
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