–Information courtesy of City of Oxford Communications Specialist Sabrina Richards
The City of Oxford has been awarded an additional $66,000 by the NC Housing Finance Agency in the 2023 cycle of the Urgent Repair Program, designated to assist residents who live within the city limits.
The program provides funds for very low- and low-income homeowners whose residences need repair or modifications because they pose imminent threats to life or safety, according to information from Sabrina Richards, communications specialist with the City of Oxford.
Eligible households are those that earn less than 30 percent of the median income. Examples of work typically done include roof, HVAC or accessibility features like ramps or bathroom modifications. This brings a total to $132,000 in funds for this program. Program assistance will be provided to owner-occupants in the form of an unsecured deferred, interest-free loan, forgiven at a rate of $3,000 per year, until the principal balance is reduced to zero. The maximum lifetime limit according to the guidelines of URP23 is $12,000. Applications and program information are available on the City of Oxford’s website at https://www.oxfordnc.org or by calling the Planning Department at 919.603.1116 or 919.603.1117. The funds provided by NCHFA for the Urgent Repair Program come from the North Carolina Housing Trust Fund.