cityofalbany.net

Does the City have grant money available for making repairs to or fixing up an historic or old home?

Answer provided by: (Answered by Anne Giffen, Planner, who works with historic resources and long-range planning)

The City of Albany does not currently have any grants or loans available to houses because they are “historic” (constructed before 1945). Past loans have been available to properties listed on the city’s Local Historic Inventory. (Note: All properties within one of Albany’s National Register Historic Districts are on the Local Historic Inventory. The Inventory also includes properties outside of the historic districts.) Most recently, the city has offered a very small amount of competitive grant money to rehabilitate historic commercial storefronts in the Downtown Commercial National Register Historic District.The City of Albany currently has a Housing Rehabilitation LOAN program available for the rehabilitation of owner-occupied homes (Note: Funds are limited and are from a Community Development Block Grant from the federal government.) Homes do not have to be historic to qualify. In order to qualify for this loan program, your household income must be below these amounts, based on household size: 1 person = $22,950, 2 people = $26,250, 3 people = $29,500, 4 people = $32,800, 5 people = $35, 400, 6 people = $38,050, 7 people = $40,650, 8 people = $43,300. The loans are available as no-interest, deferred loans to eligible homeowners for repair needs such as roofs, wiring, plumbing, foundations, structural work, windows, dry-rot repair, heating systems, handicap accessibility or other items necessary to maintain or improve the condition of your home. There are no interest payments or monthly payments on these loans. Loans become due and payable when the assisted property is sold or transferred. Licensed and bonded contractors must be used.The Albany City Council requested that these loans first be offered in the area between Broadalbin Street and I-5, from the Willamette River to Pacific Boulevard. Application forms and additional information are available by calling Joann Mix at the Community Services Consortium, 758-2627. (Note: The CSC is managing the grant for the city.)

Go back to the list of other questions and answers

General

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• Do you know of non-city grant sources for fixing up historic homes?
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