Residential Emergency Services to Offer (Home) Repairs to the Elderly (RESTORE) Program funds may be used to pay for the cost of emergency repairs to eliminate hazardous conditions in homes owned by the elderly when the homeowners cannot afford to make the repairs in a timely fashion. Project selection shall take into consideration the recommendation of the relevant regional economic development council or the Commissioner's determination that the proposed project aligns with the regional strategic priorities of the respective region.
In response to a publicly-issued Notice of Funding Availability, not-for-profit corporations and municipalities submit program designs detailing how they would administer local RESTORE programs. The program designs provide detail on selection of eligible recipients, construction monitoring, and ensuring compliance with program requirements. Eligible applicants are permitted to design programs as grants, loans, or both.
Eligible program administrator applicants are not-for-profit corporations and municipalities. All areas of the State are eligible.
To be eligible for assistance, homeowners must be 60 years of age or older and have a household income that does not exceed 80 percent of the area median income.
Funds must be used for one- to four-unit dwellings that are owned and occupied by eligible households, and work undertaken cannot exceed $5,000 per building. The program permits not-for-profit corporations and Municipalities to use up to 5 percent of the award to cover administrative costs. No more than 50 percent of the annual appropriation may be allocated to any one municipality. The Housing Trust Fund Corporation (HTFC) receives a legislative appropriation to administer the RESTORE program. The program is administered on the local level by municipalities and not-for-profit corporations that have successfully applied to HTFC for funding.
Last updated on 08/22/14