1. Housing Rehabilitation Program
Princeton Affordable Housing
By: Christy Peacock
Affordable Housing Coordinator, MHL
June 22, 2015

2. Princeton’s Basic Home Improvement Program
Interest-free loan of up to $20,000
Eligible work includes repairs or rehabilitation to one or more major systems: plumbing, including sewer or septic, heating, electrical, structural, roof, and weatherization or energy conservation.
Easy preliminary application, and simplified income guidelines
10 year agreement

3. Helping Hands for Seniors
Interest-free grant of up to $15,000
Eligible work includes roof, siding, windows; or heating and plumbing systems; or if more work is necessary the Basic Home Improvement Program could be utilized
Grant will be reduced at 1/10 per year, and forgiven after 10 years
Easy preliminary application, and simplified income guidelines
10 year agreement

4. Administrative Agent’s Tasks Affordable Coordinator’s Task
Marketing in conjunction with municipal marketing
Detailed work write-ups, contractor payment processing including change orders; contractor recruitment
Communication between Coordinator, contractors, clients,
Comprehensive and organized case files to ensure accurate details for COAH monitoring
Preparation of Operating Manual
Identify areas for marketing
In-house income qualification, simple application
Communication with AA
Monitoring report to COAH
Preparation of loan documents, handles loan closings

5. Princeton Home Rehabilitation Application
Head of household: Spouse/Partner:
Address:
Phone: Occupation:
Primary Mortgage holder’s name:
Occupants of residence: DOB Income Employer 1 2 3 4 5 6
Total occupants: Total Household income:
What do you think needs to be repaired in your home?
I hereby authorize Princeton Affordable Housing to verify income and mortgage information supplied by me. This information is to be used solely for the purpose of qualifying me and my household for Princeton’s Home Rehabilitation Program. The information supplied above is accurate and complete.
 Signature(s): Date:

6. Documentation
In addition to the information supplied on this form, please attach the following to this application:
Copies of most current federal income tax return form for all household members;
Copies of most recent 4 months of pay stubs of all employed household members;
Copies of most recent 4 months of Checking and savings account record of all household members;
Copy deed
Copy of tittle insurance
Copy of homeowner’s insurance policy;
Records of income from assets such as Real Estate or Businesses
Records of assets that do not earn regular income