Marysville Community Housing Improvement Program

Funds are available to income eligible homeowners needing housing repairs or first-time homebuyers wishing to purchase homes within the City of Marysville.

The Home Repair program provides up to $5,000 per unit to address emergency situations or to repair or replace one or two major systems such as roof, furnace, plumbing and/or electrical upgrades, and septic systems. Assistance is available in the form of a grant.

BASIC ELIGIBILITY REQUIREMENTS:

• The home must be within the city limits of Marysville
• The home’s value must not exceed $144,000 based on Union County’s Auditor’s tax value
• Homeowner’s property taxes and mortgage payments must be current
• Household income must meet the low-income criteria defined by HUD Income Limits

The Single-family Rehab program provides up to $30,000.00 ($35,000 with lead-based paint) to rehabilitate a home. The types of allowable repairs include roof, electrical and plumbing upgrades, siding, windows, heating systems, weatherization and lead-based paint hazards.  Qualified homeowners will receive a zero percent interest, deferred mortgage - which means no monthly payments are made and no interest is charged.

BASIC ELIGIBILITY REQUIREMENTS:
 
• Your home must be within the city limits of Marysville
• You must be owner occupant of home for at least one year
• The home’s value must not exceed $144,000 based on Union County’s Auditor’s tax value
• Homeowners insurance, property taxes, and mortgage payments must be current
• There must be sufficient equity in the home to support the Rehab mortgage.
• Household income must meet the moderate-income criteria defined by HUD Income Limits

The Down Payment with Rehabilitation program provides up to $32,500 for combined down payment assistance and home repair. Each client will be required to complete homeownership counseling provided at no charge by MORPC. The loans will be secured with separate zero percent interest, deferred mortgages on the property - which means no monthly payments are made and no interest is charged.

BASIC ELIGIBILITY REQUIREMENTS:

• You must be a first-time homebuyer
• You must purchase a home located within the City of Marysville
• Appraised value cannot exceed $144,000
• Household income must meet the moderate-income criteria defined by HUD Income Limits

This is a City of Marysville program with funding provided by the Ohio Department of Development’s Office of Housing and Community Partnerships.

For information on 2008-2009 CHIP Housing Programs click here or contact Kim Kellogg at l-800-886-6772  or email kkellogg@morpc.org.