The Ohio Department of Development recently announced that the City of Sidney/Shelby County partnership will receive the maximum allocation of $750,000 for its Program Year 23 Community Housing Impact and Preservation (CHIP) program.
With the available funding and additional program income, the partnership will be able to provide financial assistance to eight owner-occupied houses at an average of $72,500 per unit. Rehabilitation of the owner-occupied homes will bring the houses up to current state residential rehabilitation standards, including appropriate lead-based paint abatement. The assistance will be in the form of a five-year, 100% forgivable loan.
In addition, a portion of the funds will be available to assist up to 11 owner-occupied homeowners at an average of $20,454 per unit for home repairs. The purpose of the home repair activity is to address health or safety concerns in the house (e.g. plumbing, electrical, heating, roofing, accessibility, etc.). This assistance will be in the form of a grant; no repayment will be required.
The CHIP Program provides funding to Ohio’s non-entitlement communities to improve and provide affordable housing for low- and moderate-income citizens. CHIP funds are distributed in one competitive funding round per year.
Through the CHIP Program, eligible communities can undertake a variety of housing-related activities. Through a flexible, community-wide approach, communities improve and provide affordable housing for low- and moderate-income persons, and strengthen neighborhoods through community collaboration.
Residents interested in the available CHIP program funds should contact the Community Development Department at 937.498.8131.