Grant Name:             504 Home Repair/Rehabilitation Grant & Loan
Deadline:                   Continuous Sign-ups
Funding:                    The lifetime maximum grant is $7,500; Loan up to $20,000
Agency:                     USDA Rural Development
Description:
Grant is available to dwelling owner/occupant who is 62 years of age or older. Funds may only used for repairs or improvements to remove health and safety hazards, or to complete repairs to make the dwelling accessible for household members with disabilities. The amount of the grant is based on the applicant’s ability to repay and must be used in conjunction with the Repair and Rehabilitation Loan.

Loans are available to very low-income rural residents who own and occupy a dwelling in need of repairs. Funds are available for repairs to improve or modernize a home, or to remove health and safety hazards. This loan is a 1% loan that may be repaid over a 20-year period.

Webpage Link:  www.rurdev.usda.gov/mt/rhs/504G.htm
For more information contact: Local Rural Development Office – Kalispell 406-756-2005