Marshall County Economic Development Office Announces Home Program

MARSHALL COUNTY ECONOMIC DEVELOPMENT OFFICE

George McCune, Director

1201 Broadway, Suite 3

P. O. Box 391

Marysville, KS  66508

785/562-9820

mcedc@bluevalley.net

www.MarshallCo.net

 

Doug McKinney, Executive Director, and Carol Torkelson, Housing Director, with the North Central Regional Planning Commission met with the County Commissioners Monday morning to outline some of the details of the HOME Program. Very briefly here they are:

            Marshall County would apply for up to $250,000 for structure repairs on owner occupied home located anywhere in the county.

            Funds are awarded by the Kansas Housing Resources Corporation on a competitive basis. (COMPETITION IS HIGH FOR THESE FUNDS)!

            The maximum award to a owner occupied home is $25,000.

            Funds can be used for foundation repair, roof replacement, new siding, electrical work, plumbing, sewer repair, insulation, windows, doors and other repairs necessary to bring the structure up to standard.

            The home must be the principle resident of the applicant. Only those homes filed with the Register of Deeds in the applicants name are considered “homeownership”.   

            At the completion of the project the owner will be given a 3 year “soft” loan held by the Kansas Housing Resources Corporation. At the end of 3 years the loan is forgiven if the current owner still lives in the project home. Should they sell the home prior to the 3 year term 1/36 of the loan is forgiven for each month the current owner lives in the home.

            The program has eligible income limits as follows:

 

                        # in Household       Annual Income

1                                                                  $32,550

2                                                                    37,200

3                                                                    41,850

4                                                                    46,500

5                                                                    50,250

6                                                                    53,950

7                                                                    57,700

8                                                                    61,400

 

The Marshall County Housing Study indicates that the following locations have need for housing rehabilitation homes:

            Axtell                        27

            Beattie                     20

            Blue Rapids             88

            Frankfort                  69

            Marysville               265

            Oketo                        10

            Summerfield           18

            Vermillion               17

            Waterville               56

            Balance of County             300

 

To participate in the HOME Program, the County would be required to inject a minimum of 25% of the total amount of the grant.  It is proposed that a major portion of this amount be provided through the County’s Neighborhood Revitalitation Program (NRP).

 

URGENT:  At 11:00AM on Monday, May 14 the County Commissioners will decide whether or not to submit an application to participate in the HOME Program through the North Central Regional Planning Commission. Their decision will be based to a large extent on the number of qualified home owners that have expressed an interest in participating in the program.

 

THEREFORE, WE ARE ASKING YOUR ASSISTANCE IN INFORMING YOUR CITIZENS OF THIS PROGRAM AND THE BENEFITS IT HAS TO THEM AS WELL AS YOUR CITY. THOSE INTERESTED SHOULD CALL JUANITA MCCUNE AT THE MARSHALL COUNTY ECONOMIC DEVELOPMENT OFFICE AT 562-9830 AS SOON AS POSSIBLE.

 

If you or any homeowner has questions regarding the program, please give Juanita a call.

Thank you for your cooperation in this important effort for all of Marshall County!