Applicants must meet HUD income requirements, have an eligible property for repairs, repairs feasible for rehabilitation, and must provide proof their income has been reduced as a result of the COVID-19 pandemic, according to a news release from the town of Flower Mound. Once all criteria have been met, applicants will receive program assistance in the form of a forgivable loan. The Residential Rehabilitation Program has a maximum forgivable loan amount of $60,000, forgiven over a period of five years. Eligibility is first-come, first-served and subject to funding availability.
The town started its Residential Rehabilitation Program in 2012 to assist low- and moderate-income homeowners in Flower Mound with the rehabilitation of their single-family, owner-occupied houses through a grant provided by the U.S. Department of Housing and Urban Development.