Homeowners in Waverly Eligible for Rehabilitation Funds Nearly $25,000

Southeast Nebraska – Waverly residents facing budget constraints and in need of substantial home repairs have an opportunity to receive financial assistance. However, city officials are concerned that the grant funds allocated for a public assistance program may not be fully utilized if more eligible individuals do not apply.

In early 2022, Waverly was awarded a grant totaling $547,000 designated for its income-based Owner Occupied Rehabilitation Housing Program. This program is administered in partnership with the Southeast Nebraska Development District (SENDD). Under this initiative, qualified applicants have the potential to receive financial support for home improvement projects, with assistance available up to a maximum of $24,999. To be eligible for this program, homeowners must commit to residing in the same house for the next five years.

Initially, SENDD and Waverly officials anticipated that as many as 18 local homeowners would benefit from the program. However, the current application and approval statistics tell a different story. To date, only nine individuals have submitted applications, and a mere three rehabilitation projects have been approved.

The grant funds allocated for this program represent a valuable resource for Waverly homeowners seeking to address critical repairs and enhancements in their residences. These funds can significantly alleviate the financial burden of necessary improvements, making homes safer and more comfortable for residents.

The program’s income-based approach ensures that those who are most in need of assistance can access the support they require to maintain their homes. By providing up to $24,999 in financial aid, the program aims to address a range of repair and renovation needs, from fixing structural issues to enhancing energy efficiency.

One crucial aspect of this program is the requirement for homeowners to commit to residing in their current homes for the next five years. This condition serves to ensure the long-term stability of the community and to safeguard the investment made in these homes. It encourages homeowners to continue living in improved and safer environments.

Despite the clear benefits of the Owner Occupied Rehabilitation Housing Program, the low number of applications and approved projects is a cause for concern. The available grant funds present an opportunity for residents to enhance their living conditions, increase property value, and contribute to the overall well-being of the community.

City officials urge eligible homeowners in Waverly to take advantage of this valuable resource. By applying for the program, residents can access financial assistance that might otherwise go unused. Additionally, participation in the program demonstrates a commitment to maintaining and improving the quality of housing in Waverly, which benefits both individual homeowners and the entire community.

Homeowners need to be proactive in seeking this assistance, as the program can address a wide range of home improvement needs. Whether it’s addressing structural issues, making energy-efficient upgrades, or ensuring the safety of your home, the program is designed to support homeowners in achieving their goals.

The success of the Owner Occupied Rehabilitation Housing Program relies on the active participation of eligible homeowners. By applying and taking advantage of the available funds, residents can make a positive impact on their homes and the community as a whole. City officials remain hopeful that more homeowners will seize this opportunity to enhance their living spaces and secure a brighter future for Waverly.