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Residents who own property located within the Phase 1 Eligibility Area (see map below) of the City of Salisbury’s Kesler Mill/Park Avenue Housing Rehabilitation Program may be eligible for financial assistance for exterior repairs and improvements, such as painting, roofing, porches, foundations, doors and windows, minor landscaping, and similar improvements.

  • If the property is your primary residence: You may be eligible for assistance up to $20,000 for exterior repairs.
  • If the property is a rental property with no more than 4 units: You may be eligible for assistance up to $10,000 for exterior repairs. For rental property repairs, owners are required to contribute a 25% match, bringing the maximum project cost to $12,500.

Contact Us

Consultant

Nicky Brown
(704) 216-2738
nibrow@salisburync.gov

Phase 1

  • Focuses on blocks surrounding the former Kesler Mill
  • Cleanup of environmental contamination on Kesler Mill site is scheduled for 2021.
  • To leverage related public investments (CDBG, HOME, etc.)
  • To stabilize housing conditions

Owner-Occupied Rehab

  • Household income must not exceed 120% Area Median Income ($67,080 for a family of four in 2019)
  • Exterior rehab up to total of $20,000
  • Cost of rehab becomes a deferred mortgage lien, forgivable after 5 years
  • Owner must be current occupant and continue to occupy property for at least 5 years to have lien forgiven

Rental Property Rehab

  • Assistance up to $10,000 for exterior rehab
  • Landlord required to contribute 25% additional matching funds or up to $2,500
  • Total project cost would be up to $12,500 ($10,000 loan + 25% match)
  • Cost of rehab becomes a deferred mortgage lien, forgivable after 5 years (provided property is not sold during the first 5 years)
  • Property must be rented to low-to-moderate income tenant (currently $44,700 for a family of four)
  • Home must be actively rented at time of application
  • No more than one rental property per landlord per funding cycle

Terms of Lien

  • Forgiven after 5 years provided Owner or Landlord continues to own property*
  • *Transfer of ownership to an estate, or willed to family or other entity will not trigger repayment of the lien
  • Lien balance will be decreased by 20% (of initial lien amount) each year
  • Sale of the house in less than 5 years will trigger repayment of the balance due at that time

Lien Example

Homeowner receives $10,000 for a new roof:

Lien Balance after:
Year 1 - $8,000
Year 2 - $6,000
Year 3 - $4,000
Year 4 - $2,000
Year 5 - $0

Eligible Types of Work

  • Exterior rehab only (no interior work)
  • Examples include:
    • Roofing
    • Painting
    • Window and Door Repair
    • Wood/Siding Repair
    • Porches, Steps or Decks
    • Foundation Repair
    • Driveway Repair
    • Fence Repair
    • Landscaping Maintenance

Documents Needed To Apply

  • Last 2 check stubs of anyone living in your home that is employed
  • Proof of any supplemental income such as child support, retirement, rent income, etc.
  • Last year’s 1040 tax forms, if required to file
  • Last 2 checking/savings account statements
  • Current mortgage statement
  • Homeowner’s insurance policy
  • General Warranty Deed (Salisbury CDC will obtain)

How To Apply

Salisbury Community Development Corp.
1400 West Bank Street
Salisbury, NC 28144

Phone: (704) 216-2738
Email: nibrow@salisburync.gov

Map of Kesler Mill Brownfields Site, and park avenue neighborhood around the area eligble for assistance.

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