Chambersburg Borough Provides Home Grants to Qualifying
Luminest Community Development and the Borough of Chambersburg, Pennsylvania have teamed up to provide some much-needed home repairs for eligible residents in the area. Thanks to a Home Program Grant received by the borough, Luminest will manage the Home Owner Rehabilitation program to assist low and moderate-income residents with repairs and improvements to their homes.
The Home Owner Rehabilitation program will provide financial assistance and construction-related expertise to households with incomes up to 80% of Area Median Income (AMI) so they can make necessary capital improvements to their homes. This program will be especially beneficial to those who are struggling to correct code deficiencies and upgrade their homes. For a family of four, 80% of AMI is $64,400. Eligible homeowners would receive assistance in the form of a 10-year forgivable loan, allowing them to make the necessary repairs without worrying about immediate repayment.
Luminest has over 16 years of experience in the construction and maintenance of affordable housing for low and moderate-income households, making them the perfect partner for the Borough of Chambersburg. The organization will administer the program to include marketing, application processing, intake, inspections, work write-ups, and contract monitoring. This will ensure that an effective management system is developed and maintained to provide compliance with the administrative requirements of the HOME program.
With the help of Luminest and the Home Owner Rehabilitation program, eligible Chambersburg Borough residents will have the opportunity to improve their homes and make necessary repairs that they may not have been able to afford otherwise. This program will also contribute to the development of stronger neighborhoods and brighter futures for families throughout Franklin County and the surrounding areas, which is the ultimate goal of Luminest Community Development.
Since its founding in July 2002, Luminest Community Development has been dedicated to developing affordable homes in Franklin County. The organization’s Board of Directors envisioned building stronger neighborhoods and better homes for families in the area, and they have continued to achieve these goals with each new development. The partnership with the Borough of Chambersburg is just one example of how Luminest is working to make a positive impact on the community.