DRP can provide qualified homeowners with grants up to $20,000 and renters up to $5,000 for the purchase or construction of a new home. To determine eligibility, contact a participating FHLB member.
Coalition partners include CareSource, Huntington Bank, KeyBank, County Corp, Rebuilding Together Dayton, Habitat for Humanity of Greater Dayton and the Miami Valley Community Action Partnership.
>> RELATED: Interactive tornado map
Eligibility rules for those applying for funds include:
- This aid is for damage to owner-occupied housing and must be the owner's primary residence
- Household income must be less than or equal to 100 percent of the applicable Mortgage Revenue Bond income limits. In Greene, Miami and Montgomery counties, for a family of one or two persons, the limit is $68,700 and for a family of three or more, the limit is $79,005.
- Allowable expenses include construction, acquisition, or repair of a primary residence, which must be a single-family detached home or manufactured home permanently attached to a fixed foundation and taxed as real property where the applicant is the owner of record. FHLB funds can't be used for expenses covered by insurance or state or federal emergency management agencies.