The Township of Monroe has applied for additional funding for the purpose of providing home repair loans to low and moderate income homeowners.
Loans are issued in the form of “deferred loans”. Loan funds are secured by a mortgage note held by Monroe Township. At no time are monthly payments required or interest added.
The purpose of the program is to address code related items and weatherization needs. The types of repairs covered are electric, plumbing, heating, roofing, structural issues, windows, doors handrails, steps, smoke and carbon monoxide detectors, painting and siding. Additions and interior decorating are not eligible.
To qualify, the applicant must meet the following eligibility requirements: must be a full-time resident, gross annual HOUSEHOLD income must be below 80% of the moderate income limit, homeowners insurance must be current and flood insurance must be current (if applicable), real estate taxes and municipal utilities must be current.
Apply today by filling out this application: Monroe Twp. HR Flyer & Application 2020
