Household Well Water
Household Well Water Systems
The San Luis Valley Housing Coalition is now offering a Household Well Water System program to help income qualified homeowners replace or repair an unsafe water system. This program can be used to replace or repair an already existing well or to drill a new well when an unsafe water system is being used, like a cistern with mold issues. A home must be on the property with an occupancy permit or the ability to obtain the permit once the water system is improved. This cannot be used for new construction.
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.
To qualify for the Household Well Water Systems Program, you must meet the following minimum requirements:
Own your home and live in it as your primary residence. *Can be in a rent to own contract if a legal binding contract has been initiated, cannot be combined with other programs if rent to own.
Have a well or cistern that is unsafe for human consumption or is no longer able to provide water to the home.
Your home must be located within the counties of Alamosa, Conejos, Costilla, Mineral, Rio Grande, and Saguache.
Meet the following income limits:
HOUSEHOLD SIZE ANNUAL INCOME
1 PERSON $41,200
2 PERSONS $47,040
3 PERSONS $52,950
4 PERSONS $58,800
5 PERSONS $63,520
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.
INTEREST RATE- Fixed 1% interest rate
LOAN TERM - amortized for 20 years
LOAN AMOUNT - up to $11,000
LOAN PURPOSE - Help with repair or replace a faulty water system for a primary residence