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This program will assist low-and moderate-income homeowners with the rehabilitation of their single-family, owner-occupied homes. This includes assistance with replacing a failing septic system. If an applicant meets all criteria, he/she will receive assistance in the form of a forgivable loan up to $60,000, which is forgiven over a maximum period of five years.
In order to be eligible for this program, an applicant must be a U.S. citizen or legal resident alien. He/she must also meet income requirements set by the U.S. Department of Housing and Urban Development. Applicants will be asked to provide income/asset documentation, proof of homeowner’s insurance, and proof that payments are current on the home’s mortgage and property taxes.
The property must be located within the Town limits. It must be the principal residence of the applicant, and he/she must hold majority title to the property. Owner-occupied mobile homes are eligible if they are considered part of the community’s permanent housing stock.
Click here. This page can also be found by navigating to the Town's homepage (www.flower-mound.com), hovering over the "Living" tab, and selecting “Residential Rehabilitation Program.”
Detailed Program Guidelines, which outline the eligibility requirements and the step-by-step process are available there. Applications are available on the Town website or at Town Hall (2121 Cross Timbers Road). Applications are accepted on a first come-first serve basis, and they will only be considered complete once all supporting documentation is received.