Fairmont/Morgantown Housing Authority

Program Overview

Fairmont/Morgantown Housing Authority offers various affordable housing rehab programs to existing homeowners. These programs are designed to assist low-to-moderate homeowners make repairs to their home.

Rehab Products

• THE HELP LOAN

The Help Loan is administered through WVHDF and can assist low-income homeowners meet EMERGENCY housing repair needs, such as roof, window repair, heating, cooling, sewer, etc... Loans range from $1,000-$10,000 and are offered at 3% for a fixed term of 8 years. Current Homeowner must provide proof of paid tax receipt, current deed, proof of insurance. All closing costs are included in the loan amount. A budgeting session is required for each loan applicant.. Income limits apply.

• THE CDBG Housing Rehabilitation Program

Funded through the City of Morgantown CDGB Program, Morgantown Housing Authority offers low interest loans and grants to qualified homeowners for repairs.

Programs include:

• Home Improvement Program - Loans for homeowners up to $20,000 at 2% interest for 10 years for substantial repairs and improvements. Loan is deferred for elderly and disabled.
• Barrier Free Program - A one time grant to homeowners or landlords of up to $5,000 for renovations that would enable an elderly or disabled person to remain in the home.
• Emergency Repair Program - A one time grant for homeowners up to $2,500 for emergency type repairs.
• Rental Rehabilitation Program - A loan up to $10,000 at 1% interest for 10 years with an incentive of up to a $2,500 grant to improve the exterior appearance of the structure.

*All eligible homes will be brought up to City Residential Maintenance Code.

To Qualify for Repairs:

• Home must be in the City of Morgantown.
• Provide proof of Homeowners Insurance.
• Provide proof of Paid City Taxes/Fees.
• Some Credit Criteria Apply
• Have Household Income below 80% of Area Median Income (see below)

Income Chart
Family Size	80% of AMI
1	$30,350
2	$34,700
3	$39,000
4	$43,350
5	$46,850
6	$50,300

• Mountaineer Mortgage Program - This new product is offered by WVHDF. This program allows homeowners a way to finance or refinance their home and pay up to $25,000 in renovations. This product uses one loan, one fixed interest rate and one payment. Some restrictions apply.