Montclair Homeowners May Be Eligible For $24K In Repair Funds | Montclair, NJ Patch

2022-08-19 22:46:11 By : Mr. legend Shi

MONTCLAIR, NJ — Need to make home repairs in Montclair? There’s a program that may score you thousands of dollars to get the job done, town officials say.

On Tuesday, officials issued a reminder about Montclair’s home improvement program, through which eligible homeowners and landlords can receive up to $24,000 in repairs.

Here’s the deal, officials said:

There is no cost to apply and applying to this program does not affect a homeowner’s credit score. Funds are provided as a no-interest (0%) 10-year forgivable loan. There are no monthly payments and the loan is forgiven if the homeowner maintains title and occupancy for a 10-year period. A professional inspector oversees the process.

This program is sponsored by the Township of Montclair and is funded by collected development fees.

In order to qualify for participation in the program, at least one of the following major systems must be in need of replacement or substantial repair:

Eligible participants must own a residential property and provide a copy of the recorded deed. Property tax payments and mortgages must be up-to-date prior to application. Residents must have homeowners insurance to participate.

The income limits as of 2022 are:

According to the township, additional requirements include:

Interested homeowners can learn more at two public workshops, to be held at the Montclair Municipal Building, 205 Claremont Avenue:

To apply, submit a pre-application from the following link: Home Improvement Program Pre-Application or contact the case manager at bmccann@cgph.net. For more information or if you don’t have internet access, call the program representative at 609-664-2781.

Funding also available for rental properties; landlords should call for terms, officials said.

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