Home Rehabilitation
Home Rehabilitation Program
The San Luis Valley Housing Coalition has designed the Home Rehabilitation Program to help income qualified homeowners make the necessary repairs to their home. In order to bring about a safer, more sanitary, and energy efficient living environment, the SLVHC offers this loan program at a low-interest rate which can be amortized up to thirty years.
Affordable monthly payments may be tailored to suit your particular financial situation. Your monthly payments to the SLVHC will be deposited into a Revolving Loan Fund so that others in need of rehabilitation may receive assistance.
Eligibility Criteria
To qualify for the Home Rehabilitation Program, you must meet the following minimum requirements:
Own Your Home and live in it as your primary residence
Have a health or safety issue needing repair
Your home must be located within Alamosa, Conejos, Costilla, Mineral, Rio Grande, and Saguache Counties.
Meet the following income limits
PROGRAM INCOME GUIDELINES
HOUSEHOLD SIZE ANNUAL INCOME
1 PERSON $51,500
2 PERSONS $58,800
3 PERSONS $66,200
4 PERSONS $73,500
5 PERSONS $79,400
New income limits as of February 2022
Do you have more than 5 people in your household?
Contact us for your income limits.
Income limits change annually so contact us to see if you qualify.
LOAN TERMS
INTEREST RATE- Fixed low interest rates (0%-2%)
LOAN TERM - Based on affordability, loans will be amortized for 5 years minimum and 30 year maximum
LOAN AMOUNT - Will vary depending on purchase price of home up to $35,500
LOAN PURPOSE - Help with health and safety repairs, bring home to code, add septic systems or wells to homes without or with systems in need of repair or replacement
This program is funded through HDG grant funds awarded from the Colorado Division of Housing
