The City of Nevada announces the availability of funding to support major home improvements and repairs to those who qualify. This program is designed to assist Nevada homeowners in fixing up their homes. Funding partners include the City of Nevada and the Story County Housing Trust Fund (SCHTF).
We anticipate that $90,000 in funding will be available to support major improvements. Funds from the SCHTF matched with support from the City of Nevada can assist homeowners that qualify within the city limits of Nevada with up to $10,000 ($1,000 minimum request) in financial assistance to address critical life and safety issues, assist individuals in need, and/or remedy a problem to improve living conditions of their home. The financial assistance will be in the form of deferred loans; at the end of the 5-year term, the loan may be forgiven.
Other program requirements include:
- Property must be a single-family household dwelling (mobile/manufactured home included)
- Property taxes, assessments, and City utilities must be current and paid to date.
- Property must comply with nuisance ordinances and be free of garbage/debris/refuse/junk and junk vehicles and be reasonably clean and sanitary.
- The expected life of the structure after rehabilitation should be at least 20 years. This determination to be made by the City Building Inspector.
- Property must be safe for inspector and the contractor.
- City Building Inspector will inspect property before application approval and upon completion of the work if application approved for funding.
- Homeowners will be required to submit two bids/estimates for the improvements if possible.
- One year occupancy in residence is required before the date of the application.
- Applicants may not have received loans from the City exceeding $10,000 in the last five months.
Applicants interested in this program must be at or below 80 percent of the average median income for their household size for Story County (View Income Limit Information). Income verification will be conducted by a third party as part of this application process. Projects cannot be started until application approval; work must be completed by May 15, 2025. Request for payments must be submitted no later than June 1, 2025.
Citizens interested in applying for these funds are invited to attend an informational Town Hall meeting scheduled for Monday, March 25 at 5 p.m. OR Saturday, April 6 at 9 a.m. Both meetings will be held in the City Council Chambers. Details on the grant program will be discussed. Application assistance will be available as well.
Application materials may be picked up at the Public Library or City Hall. A printable application is also available through the link below. Those receiving funding will be selected and notified by June 15. Funds will be made only after the expense has been incurred and paid directly to the contractor after both homeowner and City Building Inspector have signed off on the work. The City of Nevada reserves the right to determine eligibility, set the number of financial awards, determine the amount of funds available and ensure program compliance. Please submit all required application materials to the City of Nevada – City Hall, Attention: Brenda Dryer, Project Advisor no later than May 31, 2024 at 5 p.m.
Major Improvement Grant Application
