RESTORE Program
Residential Emergency Services to Offer (Home) Repairs to the Elderly (RESTORE)
Program
Margert Community Corporation serves as a local
program administrator of the
NYS RESTORE program, for dwelling units located in New York City’s Queens
County.
Funded by the NYS Housing Trust Fund Corporation,
through a state legislative appropriation, and administered by the NYS Division
of Housing and Community Renewal (DHCR),
Margert’s RESTORE Program is designed to assist low-income, senior citizen,
owner-occupant households of one to four family homes correct severe housing
deficiencies, in situations where the homeowners cannot otherwise afford to make
the repairs themselves.
We administer a GRANT program, which may be used
exclusively to pay for the costs of emergency repairs to eliminate hazardous
conditions in homes owned and occupied by the very low-income elderly.
To be
eligible for assistance, homeowners must be 60 years of age or older, with an
adjusted household income that does not exceed 80% of area median.
Repair
work undertaken cannot exceed $5,000 per building, and may only be used to
correct severe housing deficiencies, which, in the opinion of Margert Emergency
Repair Auditor, threaten the life, health or safety of the elderly homeowner.
Please Note:
Grant funds may be subject to recapture if the property is sold, or title
transferred, within three years of the award.
Annual
funding is extremely limited, and no waiting lists are maintained.
Apply for
Margert's RESTORE emergency repair program.
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Are you a senior homeowner who wants to remain
in your home, but are concerned that you do not have adequate
income to maintain your independence? If so, please follow the
link below for important information concerning reverse equity
mortgages.
Reverse Mortgages for Seniors (HECM)
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