Community Development Block Grant Eligibility Requirements
Community Development Block Grant Eligibility Requirements
In order to qualify to receive assistance through for this program, the applicant(s) must meet ALL of the following criteria:
Applicant(s) must own and occupy, as your primary residence, the property where the rehabilitation work is to take place and has lived there for a minimum of 18 months
The Housing Unit must be located within the municipal boundaries of Wellington as defined on the Property Appraiser's website.
Applicant(s) must not have any rental properties or have co-ownership in any rental properties.
Applicant(s) who have a claim pending or litigation pending for repairs contemplated by this loan is ineligible.
Applicant(s) must close any open permits or code violations on the property prior to applying unless the repair is intended to correct the code violation or open permit.
If a business is registered to the home address, the business must be registered with Wellington’s Business Tax Office.
Be current on all existing mortgage(s) and tax assessments. If the mortgage is in forbearance, the applicant is ineligible.
Have a current homeowners’ insurance policy and agree to maintain homeowners’ insurance for the 5-year term of the loan. The homeowners’ insurance for the property requires a maximum deductible of $2,500 and a hurricane/wind storm deductible of 5% or have a policy that provides coverage that meets the assessed value of the structure.
Have a household adjusted gross income that does not exceed 80% of the Area Median Income.
2023 MAXIMUM INCOME LIMITS
Household Size Maximum Income (80% of the Area Median Income)