The Cities of West Concord and Claremont have funding available for owner occupied rehab. Eligible households must:
- Live within the city limits of West Concord or Claremont.
- Property is suitable for rehab.
- Homeowner’s property taxes and insurance are current.
- Property is a permanent structure.
- Homeowner does not have any outstanding judgments.
- Homeowner’s income must be at or below established guidelines
| Income Guidelines (2025) | |||
| Family Size | 30% AMI | 50% AMI | 80% AMI |
| 1 | $26,400 | $44,000 | $70,350 |
| 2 | $30,200 | $50,250 | $80,400 |
| 3 | $33,950 | $56,550 | $90,450 |
| 4 | $37,700 | $62,800 | $100,500 |
| 5 | $40,750 | $67,850 | $108,550 |
| 6 | $43,750 | $72,850 | $116,600 |
| 7 | $48,650 | $77,900 | $124,650 |
| 8 | $54,150 | $82,900 | $132,700 |
The financial assistance will be in the form of a deferred loan. The amount of the deferred loan will vary on a case-by-case basis. The deferred loans are secured with a Repayment Agreement. If the property is sold, title is transferred or is no longer the primary residence of the participant:
- Within the first 6 yrs., the full amount must be repaid to the HRA
- The amount of repayment is reduced 20% for each year until the end of the 10th year.
- At the end of the 10th year, the loan is forgiven and becomes a grant.
| Financial Assistance | |||
| Income based on AMI | % Property Owner Match | % Deferred Loan | Max. Deferred Loan Amount |
| 0-30% AMI | 0% | 100% | $25,000 |
| 31-50% AMI | 4% | 96% | $24,000 |
| 51-80% AMI | 10% | 90% | $22,500 |
To complete a preliminary application for the West Concord and Claremont Housing Rehab Program, please click on the link in the sidebar.
