HURRICANE HELENE RECOVERY
Frequently Asked Questions
Small Rental Rehabilitation Program
General Questions
Can I choose my contractor?
No. The Program assigns qualified contractors and manages construction.
Do units need to be vacant to apply?
Yes. Units must be vacant at application and remain vacant until construction is complete. Evictions to qualify are prohibited.
Is assistance a loan or a grant?
Assistance is provided as a grant with a 10 year affordability period and recorded use restrictions. Repayment may be required if you violate the affordability terms.
What about rent limits?
Upon completion of construction, all Small-Rental assisted united must rent to Low-to-Moderate persons and comply with High HOME Rent limits published by HUD.