Mooresville Residents Eligible for Critical Repair Loans

The Town of Mooresville has awarded $150,000 over three years to Our Towns Habitat for Humanity to perform critical housing repairs for eligible Mooresville residents.

“It’s extremely important that the Town of Mooresville maintain our existing affordable housing stock,” said Mooresville Senior Planner Tim Brown. “This is a tool we can use as a community to accomplish that.”
Our Towns Habitat is currently soliciting applications for Mooresville residents in need of critical health or safety repairs. To qualify, residents must live in and own the home for which they are seeking repairs, must meet minimum and maximum income requirements, and must be willing and able to repay an interest-free loan on repair costs. Applicants must not be in danger of foreclosure and meet certain credit requirements.

Repayment for repairs can extend for up to seven years, with average payments of $60 a month. Monthly payments may be more or less than the average depending on repairs performed. The interest-free repayment requirement allows the program to serve more families, Brown explained.

“The way this program is structured as a revolving, no-interest loan makes it sustainable,” Brown said.

Examples of repairs that may be covered under the program include structural and roof repairs, mold removal, addressing plumbing or electrical issues, heating and cooling system repairs and accessibility modifications, such as installation of ramps, handrails/grab bars and other bathroom modifications.

A recent study by the National Low Income Housing Coalition found that for every 10 very low income families in North Carolina, only three affordable housing units exists. Our Towns Habitat’s critical repairs program helps keep people in homes they already own, while the organization’s new homeowner program adds to the affordable housing stock. Together, both programs help bridge the gap between the need for affordable housing and available units.

For more information, please visit ourtownshabitat.org. Residents may also call Vicki Smith at (704) 896-8957, ext. 125. Spanish-speaking staff is available at the Our Towns Habitat office, located at 20310 N. Main Street in Cornelius, open Monday-Friday, 9 a.m.-5 p.m.

Our Towns Habitat for Humanity is an equal housing opportunity provider, and does not discriminate on the basis of race, color, religion, sex, national origin, disability or family status.