The City of Hickory offers housing rehabilitation programs that aim to improve the quality of the local housing stock and make improvements that prevent the displacement of low to moderate income homeowners. The following programs are only available to homeowners that live inside the Hickory city limits:
The Housing Rehabilitation Loan Program provides loans of up to $25,000 to homeowners whose household income does not exceed 80% of the area median income. Funds can be used to bring housing units up to the City’s minimum housing code and for accessibility improvements necessary for residents with disabilities. Examples of eligible repairs include heat system replacement, window replacement, plumbing repairs, electrical wiring repairs, and roof repairs. No monthly payments are required on the loan, as long as the house is maintained as the principal residence of the borrower. In addition, half of the loan balance is forgiven if the borrower maintains the home as a primary residence for at least five years…