Ross County Community Housing Improvement Program
Funds are available to income eligible homeowners needing housing repairs or first-time homebuyers wishing to purchase homes in Ross County outside the city limits of Chillicothe.
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:
• Your home must be in Ross County but outside the city limits of Chillicothe
• The home’s value must not exceed $144,000.00
• Homeowners insurance, property taxes, and mortgage payments must be current
• Household income must meet the moderate-income criteria defined by HUD Income Limits
The Single-family Rehab program provides up to $30,000.00 ($35,000with 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 in Ross County but outside the city limits of Chillicothe
• You must be owner occupant of home for at least one year
• The home’s value must not exceed $144,000.00
• Homeowners insurance, property taxes, and mortgage payments must be current
• There must be sufficient equity to support the additional mortgage.
• Household income must meet the moderate-income criteria defined by HUD Income Limits
The Down Payment program provides up to $8,000 for down payment and closing cost assistance and 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 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 within Ross County but outside the city limits of Chillicothe
• Appraised value cannot exceed $144,000.00
• Household income must meet the moderate-income criteria defined by HUD Income Limits
This program is sponsored by the Ross County Board of Commissioners 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.
