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Housing Rehabilitation Loan Program (HRLP)
This program offers loans of up to $35,000 at 3% interest rates to low- and moderate-income home owners and landlords who rent to low-income tenants in order to make necessary State Housing Code repairs or to make modifications to a residence in order the make them accessible to those with disabilities.
How To Apply
- Make sure you (the borrower) meet all borrower requirements.
- Ensure the property you want to moderately rehabilitate meets all requirements.
- Understand the loan terms and related details.
- Contact the DSHA Contact Person to learn more.
Availability of Funds
Funds are currently available.
Borrower Qualifications
To qualify as a homeowner, the homeowner's current household income cannot exceed:
| Homeowner's Adjusted Income by Family Size | ||
| County Limits | 1-2 person family | 3 or more person family |
| New Castle County | $77,800 | $89,470 |
| Kent & Sussex Counties | $70,800 | $81,420 |
To qualify as an investor or landlord, the income of a tenant (living in an investor- or landlord-owned property) cannot exceed:
| County | Tenant's Adjusted Income by Family Size for Investor-Owner Properties | |||||||
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
| Kent | $28,200 | $32,250 | $36,300 | $40,300 | $43,550 | $46,750 | $50,000 | $53,200 |
| New Castle | $36,750 | $42,000 | $47,250 | $52,400 | $56,700 | $60,900 | $65,100 | $69,300 |
| Sussex | $26,300 | $30,100 | $33,850 | $37,600 | $40,600 | $43,600 | $46,600 | $49,650 |
Notes
- Loans are made to low- and moderate-income home owners and landlords who are willing and able to repay the 3% loan.
- The financial assistance is used to moderately rehabilitate existing properties to comply with the State Housing Code or to make properties accessible to those with disabilities.
Property Qualifications
Properties must be in need of State Housing Code-related repairs or be in need of modifications to make
properties accessible to those with disabilities.
Loan Terms
- Loans to landlords are up to a maximum amount of $25,000 per unit at a 3% interest rate for a maximum 15 year term.
- Loans up to a maximum of $35,000 per unit for owner-occupants are made at a 3% interest rate for a maximum 15 year term.
DSHA Contact Person
If you have questions about this program, please contact DSHA at 302.577.5001
