May 6, 2011
Gordon Anderson (512) 475-4743
State housing agency makes $522,000 commitment to maintaining homeownership in the City of Mount Vernon
(AUSTIN) — The Texas Department of Housing and Community Affairs (TDHCA) and State Senator Kevin Eltife today announced a $522,000 award to the City of Mount Vernon to fund home repairs for low income homeowners, helping residents maintain homeownership while providing a shot in the arm to the local economy.
Mount Vernon city officials anticipate the funds will help rehabilitate six homes owned and lived in by income eligible households.
“I am pleased that the City of Mount Vernon has been awarded this funding to ensure that some of our most vulnerable citizens are able to live in a safe and healthy home,” said Senator Eltife. “TDHCA’s commitment to maintaining homeownership in rural areas of our state is commendable.”
“By repairing deteriorating homes, we are not only helping maintain homeownership for more families, we are also helping maintain the vitality of rural Texas communities,” noted Michael Gerber, TDHCA Executive Director. “Repairing the homes of low income households also benefits the regional economy through an influx of construction payroll salaries and increased taxes and fees that help fund essential public services. This is a win-win program for both the City of Mount Vernon and the state.”
TDHCA awards home repair funds to qualifying applicants through the Department’s HOME Investment Partnerships (HOME) Program, which helps repair or replace homes owned and lived in by low income homeowners.
Assistance may include roof repair or replacement, as well as repairs to the electrical and plumbing systems. If a home has deteriorated to the point it no longer is cost effective to repair, it may be demolished and replaced with either a traditional “site built” home or a manufactured home.
Qualifying applicants include eligible cities and counties, public housing authorities, Community Housing Development Organizations and other nonprofit housing groups, and certain for-profit organizations which then work with eligible households at the local level.
The U.S. Department of Housing and Urban Development is the funding source for the HOME Program. The program serves households earning no more than 80 percent of the area median family income, which for Mount Vernon equals an annual income of $37,850 for a family for four. For more information about this award, please contact the city directly at (903) 537-2252.
About the Texas Department of Housing and Community Affairs
The Texas Department of Housing and Community Affairs administers a number of state and federal programs through for-profit, nonprofit, and local government partnerships to strengthen communities through affordable housing development, homeownership opportunities, weatherization, and community-based services for Texans in need.
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