RCAP Solutions Partnering with USDA to Help Very-Low-Income, Rural Homeowners with Funding to Repair, Improve, and Modernize Their Houses

RCAP Solutions Partnering with USDA Rural Development to Help Very-Low-Income, Rural Homeowners with Funding to Repair, Improve, and Modernize Their Houses

Full Press Release

RCAP Solutions and the U.S. Department of Agriculture Rural Development (Southern New England Region) are proud to announce a partnership between our two agencies in helping very-low-income, rural homeowners with funding to repair, improve, and modernize their houses.

The USDA’s Section 504 Home Repair Program provides funding in the form of a 1% fixed-interest loan up to $40,000 to complete single-family home repairs or to remove health and safety hazards. In addition, applicants 62 years of age or older are eligible for a $10,000 grant. The loan and grant may be combined for up to $50,000 in assistance. In order to quality for assistance, the family must be very-low-income and live in an eligible rural area. You can visit the USDA Income and Property Eligibility website for complete details.

RCAP Solutions will be acting as a “loan packager” on behalf of USDA Rural Development and eligible homeowners; performing credit checks for applicants, providing guidance on bids and repairs that need to be made, and ensuring all documents listed in the application checklist are submitted.

USDA Rural Development’s Single Family Home Repair Loans and Grants are a perfect complement to RCAP Solutions’ Home Modification Loan Program (HMLP), which provides funding to homeowners to make accessibility changes to keep themselves or a family member with a disability or mobility impairment living comfortably in their own home. Loans are 0% interest and can range from $1,000 to $50,000.

RCAP Solutions has been administering HMLP since 2000 in collaboration with the Massachusetts Rehabilitation Commission (MRC) and the Community Economic Development Assistance Corporation (CEDAC). The program has generous income guidelines and allows for accessibility renovations based on the household member’s medical need. HMLP can benefit anyone in the house who has a disability or mobility impairment; the homeowner themself, their child, or an elderly family member. Possible home modifications can include ramps, stair lifts, walk-in bathtubs, and much more.

RCAP Solutions has a long-standing relationship with numerous federal and state branches of the USDA. The department is one of RCAP Solutions primary partners and funders directly involved in the implementation of our Community & Environmental Resources programs.