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Increased Financial Aid for Rural Home Repairs and Improvements.

This bill significantly raises the financial limits available to rural residents for essential home repairs and improvements. The maximum loan amount for home repair increases to $80,000, and the maximum grant amount increases to $20,000. The combined assistance (loans and grants) can now reach $100,000, making it easier for low-income homeowners to maintain safe and habitable properties.
Key points
The maximum home repair loan limit for rural households increases to $80,000.
The maximum home repair grant limit for rural households increases to $20,000.
The maximum amount for a single repair grant (often for the elderly) increases from $7,500 to $15,000.
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Additional Information
Print number: 118_HR_9816
Sponsor: Rep. Davis, Donald G. [D-NC-1]
Process start date: 2024-09-25