Homebuyer Assistance/Home Rehabilitation Program
Please click here for the link of
the Gloucester County Owner Occupied Rehabilitation
Applicants must meet income and property eligibility
requirements. They must have owned their home a minimum of
three (3) years and must maintain the unit as their principal
residence throughout the remainder of the affordability period in
accordance with the terms of the Loan Agreement, Mortgage and Note.
This program is a loan program. It is a zero percent interest
deferred payment loan which means there are no monthly payments;
however, a mortgage will be placed on the property in the amount of
the construction cost to rehabilitate their home. No
individual loan may exceed $25,000. The lien will remain in
force until repayment for which conditions and terms are further
explained in the application and policy manual. The
application can be downloaded at the bottom of the web page.
Eligibility is strictly based on income, family size, and type of
Please note that this is not a remodeling program but a
mechanism to provide eligible homeowners with the means to
alleviate code deficiencies and provide weatherization.