HomeMy WebLinkAbout1981 01-07 Maplewood house is first to be renovated under program THE REVIEW `y
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THIS CENTURY-OLD house in Maplewood is the first to be undergoing
rehabilitation work under a new housing program.
Maplewood house is first to
be renovated under program
A century-old house in central rehabilitated under this program will
Maplewood is the first to undergo have incomes falling within the Section 8
rehabilitation work under a new rental assistance guidelines.
federally-subsidized"moderate-reha- Minnesota Housing Finance Agency
bilitation program." also has a grant program to help
The rental home is located at 1800 homeowners whose gross family income
English St.The program assists building is less than $6,000 a year fix up their
owners of`rental property in receiving houses.
loan money up to$37,500 at nine percent The money is to be used for bare
interest. necessity improvements like upgrading
The funds are made available through electrical wiring,plumbing or insulation.
the Minnesota Housing Finance Agency. explains Rosemary Fagrelius of the
This rental rehabilitation program also is Metropolitan Council Housing
tied with Section 8 rent assistance Redevelopment Authority.
program, which is administered through Under this second program, if the
the federal Housing and Urban homeowner lives in his or her house for 10
Development department. years or longer after receiving the grant,
All new occupants of this house in the money does not have to be paid back,
Maplewood, and similar buildings Fagrelius said.