Housing Disaster Relief Grant Program
In response to damage caused by Hurricane Ike, People’s Trust Federal Credit Union and the Housing Disaster Relief Grant program (HDRG) are making available $250,000 to assist income-qualified households with the purchase, rehabilitation or reconstruction of owner-occupied housing.
To qualify for an HDRG grant, a hurricane-affected household must meet specific requirements as determined by the Federal Home Loan Bank of Dallas:
- Household must reside in a county designated for Individual Assistance by FEMA as a result of Hurricane Ike
- Total household income must be below 120% of AMI (designated by the Department of Housing and Urban Development)
- Must provide identity information and complete income documentation for all household members
- Must provide written invoices for completed rehabilitation or reconstruction work or signed cost estimates for work to be completed or a signed HUD-1 form specifying closing costs and down payment.
Applications will be accepted beginning October 8 and funds will be available on a first come/first serve basis until all funds are exhausted. Incomplete applications will not be submitted for grant approval.
For more information on applying for an HDRG Grant, stop by any one of your People’s Trust branches or call us at 713.428.3200 or toll-free 800.321.2411 for more information.
