Single Family Rehabilitation Program

The goal of the Single Family Rehabilitation (SFR) Program is to provide affordable loans to upgrade substandard housing conditions for low income owner occupants within the City of Wilson and in the unincorporated areas of Wilson County.

Borrower Requirements

  • Owner occupied
  • Income at or below 50% of county median according to household size
  • Title must be clear
  • Taxes must be paid up to current year

Property Requirements

  • Property must be located in the City of Wilson or in the unincorporated areas of Wilson County
  • single family dwelling
  • mobile homes are not eligible
  • housing violations must exist
  • after rehab value must not exceed 95% of median of price for comparable housing
  • residential property

Eligible Repairs

  • Install new roof
  • update kitchen/bathroom
  • update plumbing/electrical system
  • painting inside/outside of house
  • replace floors, windows, walls and ceilings
  • heating/air system
  • other general repairs depending on need

Loan Amounts and Limits

  • maximum loan amount $24,999
  • minimum loan amount is $1,500

Ratios

  • 30% Housing debt
  • 41% Total debt

Costs

  • closing fees (can be included in loan amount if rehab cost is not at maximum)

Terms

  • 30-year zero percent interest deferred payment loan due upon default, maturity, or transfer of title
  • no payment is due until 30 years from date of note. When loan is due, the lump sum amount is due in full. If there is a financial hardship, borrower may request to make monthly payments or request an additional 30 year-deferred term.
  • if house is refinanced or sold, the full amount will be due at that time.

There will be no temporary displacement. All families will be allowed to remain in their home while the work is being done.

All rehabilitation work is subject to State and Federal bidding regulations. No “owner-contractor” agreements are eligible. Bids will be awarded to contractors submitting the lowest responsible bid. All contractors must be properly insured.

Lead Based Paint Regulations

All houses constructed prior to 1978 requesting financial assistance will be subject to the federal lead-based paint regulations.

  • any child living in property seven or under will be required to be tested for lead. Free testing will be provided by the Wilson County Health Department.
  • each house will be inspected and tested for the presence of lead. Based on the test results, it may be determined that the property is not eligible due to high cost to remove the lead.

For further information on the 2000 Single Family Rehabilitation Program, please call (252) 399-2230 between 8:00 a.m. to 5:00 p.m.

Technical Assistance

The contract for rehabilitation work is between the contractor and the homeowner. The Community Development Division acts as the lender on behalf of the homeowner. The following services are provided by the city:

  • qualify borrower/property for program participation
  • inspect property and prepare work write-up, detailing the scope of rehab work to be done
  • prepare paperwork relating to the contractual agreement between homeowner and contractor.
  • secure bids, monitor the work performance of contractors and issue payments to contractors according to the progress of the work.

Equal Housing Opportunity