Funding request puts priority on Mount Sterling

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(Posted June 1, 2014)

By Kristy Zurbrick, Madison Editor

Mount Sterling is a priority in Madison County’s application for home repair and rehabilitation funds through Community Housing Impact and Preservation (CHIP), a state program.

The county is applying for $400,000, the maximum amount allowed. The application is due June 6. Funding recipients will be announced this fall. The money must be used to repair or rehabilitate owner-occupied homes in low- to middle-income areas.

The county is applying for four kinds of CHIP funding:

1. Home Repair—To be used for major system repairs, such as plumbing, heating, cooling, electrical and structural. The funding comes in the form of a grant. The county is asking for $96,000 to cover projects for nine homes. Four of the nine spots will be open to projects in Mount Sterling.

“Mount Sterling was selected at the recommendation of the housing advisory committee,” said Whitaker Wright of CDC of Ohio, the county’s CHIP administrator. “Members felt that housing in the southern portion of the county is in the poorest condition. Mount Sterling was selected since many requests for assistance have come from residents in the village.”

2. Owner Rehabilitation—To be used to help homeowners rehabilitate their homes to bring them up to state standards. The funds come in the form of a no-interest, deferred/declining loan. The county is asking for $114,000 to cover three homes. One of the three slots will be open to a project in Mount Sterling.

3. Rental Rehabilitation—To be used to help with rehabilitating residential units owned by Madison Community Housing, a subsidiary of the Madison County Board of Developmental Disabilities. The funds come in the form of a no-interest, deferred/declining loan. The county is asking for $107,000 to cover four projects.

4. Tenant-based Rental Assistance—To help residents obtain rental payment assistance for 12 to 18 months. The program targets households at or below 60 percent of the county median income. The county is asking for $35,000 to help seven households anywhere in Madison County. The London Metropolitan Housing Authority will manage the program.

The remainder of the $400,000 request, $48,000, is earmarked for the cost of running the CHIP program and providing fair housing information to county residents.

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