Bucks County Owner Occupied Rehabilitation Program
Since its creation in 1962, the Bucks County Redevelopment Authority has worked diligently to eliminate blight and help provide affordable housing to Bucks County residents. In 1976 the county commissioners and the RDA began the Owner Occupied Rehabilitation Program. Since then, the RDA has improved more than 1,700 homes for low-to-moderate income residents.
The Owner Occupied Rehabilitation Program maximum grant amount is $15,000, which is provided by a county Community Development Block Grant (CDBG), funded each year with approximately $250,000 to $300,000. This is an ongoing and highly successful program used by many homeowners with no other alternative to rehabilitating and saving their homes.
The no-interest loan covers all the rehabilitation work and it is not due for repayment until the home is either sold or refinanced. The loans are used to bring a home up to code standards, for weatherization of homes and/or for modifications to make the home handicapped accessible. Units rehabilitated under this program must meet the minimum housing codes in use within the municipality. If no codes are in existence, the houses must meet the HUD Minimum Property Standards.
Loans are secured by a Note of Judgment on the property made payable to the Bucks County Community Development account. All income is handled in accordance with the rules of the Federal CDBG program. Loan repayments are credited to the budget of the Bucks County Owner Occupied Rehabilitation Program and are used to make further housing rehabilitation loans.
HOUSING REHAB PROGRAM APPLICATION