The City of Raleigh is partnering with Rebuilding Together of the Triangle to administer the Raleigh Home Revitalization Program. This program will provide necessary repairs and maintenance to extend the life of homes, help seniors age in place, install measures to help persons with disabilities, and improve the quality of life for residents in targeted geographic areas.
Raleigh Home Revitalization is funded by the City’s $80 million Affordable Housing Bond. The total investment in this program is $6 million and we expect to serve 200 households over the life of the program.
Who is eligible for this program?
To qualify, you must:
- Currently own and occupy the home to be rehabilitated
- Continue to occupy the home as your primary residence after the work is complete
- Have owned the home for at least ten years
- Have a household income that does not exceed the income limits below
Income
LimitFamily
of 1Family
of 2Family
of 3Family
0f 4Family
of 5Family
of 6Family
of 7Family
of 8$51,610 $58,955 $66,300 $73,645 $79,560 $85,475 $91,325 $97,240
What properties are eligible?
To qualify, the property must:
- Be located within the targeted geographic areas in the City of Raleigh
- Be a single-family detached home, townhome, or condominium unit
- Have a property value of $450,000 or less
How much money can I get?
The maximum loan amount is typically $30,000. Loans are deferred payment with 0% interest loan, and are forgiven after five years unless the borrower defaults.*
*Default occurs if the property is sold or transferred, or if the borrower ceases to reside at the home prior to end of the loan term. In the event of default, the outstanding balance will be due and payable to the City.
How do I apply?
Rebuilding Together of the Triangle serves as administrator of the program. To apply, please contact Kelly Zargo at 919-341-5980.