Administration on Aging Office of American Indian, Alaska Native and Native Hawaiian Programs Task Force Chat Funding Opportunities Funding Opportunities for Older American for Older American Indians Indians Tedd Buelow & Carolyn Bell Tedd Buelow & Carolyn Bell USDA Rural Development USDA Rural Development December 12, 2007 December 12, 2007
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Administration on Aging Office of American Indian, Alaska Native and Native Hawaiian Programs Task Force Chat Funding Opportunities for Older American.
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Administration on AgingOffice of American Indian, Alaska Native and Native Hawaiian Programs
Task Force Chat
Funding Opportunities for Funding Opportunities for Older American IndiansOlder American Indians
Administration on AgingOffice of American Indian, Alaska Native and Native Hawaiian Programs
Task Force Chat
SFH 504 ProgramSFH 504 Program
Purpose:
• The Very Low-Income Housing Repair program provides loans and grants to very low-income homeowners to repair, improve, or modernize their dwellings or to remove health and safety hazards.
Administration on AgingOffice of American Indian, Alaska Native and Native Hawaiian Programs
Task Force Chat
SFH 504 ProgramSFH 504 Program
Eligibility: • Homeowner-occupants must be unable to
obtain affordable credit elsewhere and must have very low incomes, (below 50 percent of the area median income).
• Repairs and improvements must make the dwelling more safe and sanitary or remove health and safety hazards.
Administration on AgingOffice of American Indian, Alaska Native and Native Hawaiian Programs
Task Force Chat
SFH 504 ProgramSFH 504 Program
Eligibility:
• Grants are only available to homeowners who are 62 years old or older and cannot repay a Section 504 loan.
Administration on AgingOffice of American Indian, Alaska Native and Native Hawaiian Programs
Task Force Chat
SFH 504 ProgramSFH 504 ProgramTerms:
• Loans of up to $20,000 and grants of up to $7,500 are available.
• Loans are for up to 20 years at 1 percent interest.
• No security requirement for loans under $7,500.
Administration on AgingOffice of American Indian, Alaska Native and Native Hawaiian Programs
Task Force Chat
SFH 504 ProgramSFH 504 Program
Terms:
• Grants must be repaid if the property is sold within 3 years.
• Repairs financed with grant funds must result in the removal of health and safety hazards.
Administration on AgingOffice of American Indian, Alaska Native and Native Hawaiian Programs
Task Force Chat
SFH 504 ProgramSFH 504 Program
Terms:
• A grant/loan combination is made if the applicant can repay part of the cost.
• Loans and grants can be combined for up to $27,500 in Section 504 assistance
Administration on AgingOffice of American Indian, Alaska Native and Native Hawaiian Programs
Task Force Chat
SFH 504 ProgramSFH 504 Program
Standards:
• Major health and safety hazards must be corrected.
• All work performed must meet local codes and standards.
Administration on AgingOffice of American Indian, Alaska Native and Native Hawaiian Programs
Task Force Chat
504 Loan and Grant Activity with 504 Loan and Grant Activity with AI/AN CustomersAI/AN Customers
Off Tribal Lands
On Tribal Lands Totals
Loan 63$344,90
5 16 $86,885 79 $431,791
Grant 117
$668,718 74
$476,749 191
$1,145,468
FY 2007
FY 2001 – 2007$13.1 Million in 504 Loans and Grants to AI/AN
Customers
Administration on AgingOffice of American Indian, Alaska Native and Native Hawaiian Programs
Task Force Chat
Other Programs to Keep in MindOther Programs to Keep in Mind
• Community Facilities• Multi-Family Housing• Telecomm
– Distance Learning and Telemedicine– Community Connect
• Cooperative Programs– Rural Healthcare Cooperatives in Wisconsin
Administration on AgingOffice of American Indian, Alaska Native and Native Hawaiian Programs
Task Force Chat
Getting More InformationGetting More Information
www.rurdev.usda.gov/rhs
Administration on AgingOffice of American Indian, Alaska Native and Native Hawaiian Programs