Manufactured homes are included in the program providing the home and land are owner occupied, and the home is within Sedona city limits.
Beneficiaries will receive a non-interest bearing, forgivable loan for the total amount of construction expenses secured by a deed and promissory note. As long as the homeowner owns the home, repayment of any loan up to $15,000 will be forgiven over five years, a loan up to $40,000 will be forgiven after ten years, and loans above $40,000 will be forgiven after 15 years. Community Development Director Audree Juhlin said there are no costs unless the home is sold before the forgivable date.
“We hire appropriate contractors to perform the work, oversee and inspect the work and sign off on the project once the work is completed. (Then) the city pays the contractor for services provided including parts and labor. The city is then reimbursed through the Arizona Department of Housing,” she said.
To qualify, household income must be less than 80 percent of an area’s median income. The funds may also be used for modifications in accordance with the Americans with Disabilities Act (ADA).
Projects receiving funds have varied over the years, but in 2007, a portion of the $369,999 grant was used to replace two manufactured homes. ##
(Image credit:andyenstallblog)
