Financial EducationLocal Resources and Programs
Black Legacy Homeowners is excited to partner with Byrd Barr Place to bring you information about three new programs designed to support homeowners in our community! We understand the challenges many face in maintaining homeownership and building generational wealth. These programs offer crucial assistance for seniors, those looking to add ADUs/DADUs, and those needing home repairs or expansions. Read on to see how these initiatives can benefit you!
Program Highlights:
1. Senior Property Tax Anti-Displacement Grant
- This grant aims to help eligible seniors facing financial hardship by providing support to cover back property taxes. Â
- Who is eligible? The program will serve people with disabilities or seniors in King, Snohomish, Pierce, and other counties as needed. Priority will be given to seniors. Clients with incomes up to 100% AMI based on HUD guidelines adjusted for household size can apply. Â
- How are applicants selected? Applicants will be prequalified based on criteria including risk of displacement and homelessness. Qualification is also based on income, likelihood of losing property due to tax sale, and length of homeownership. Â
- Grant Amount: Grants up to $5,000 are available. Â
- Deadline: June 30, 2025 Â
- This loan program assists homeowners in adding Accessory Dwelling Units (ADUs) or Detached Accessory Dwelling Units (DADUs) to their property. Â
- Who is eligible? Applicants with an AMI at or below 120% based on HUD guidelines adjusted by household size are eligible. Clients will be evaluated based on project readiness, with priority given to projects that can be completed or begin by June 30, 2025. Â
3. Home Repair and Expansion Loan
- This loan program provides funds to repair or expand existing homes. Â
- Who is eligible? Applicants with an AMI at or below 120% based on HUD guidelines adjusted by household size are eligible. Clients will be evaluated based on project readiness, with priority given to projects that can be completed or begin by June 30, 2025. Â
- Loan Amount: Up to $50,000 is available. Â
How to Apply:
To apply for any of these programs, please fill out the appropriate application form. Be prepared to provide the necessary documentation, such as income verification, property tax bills, and mortgage statements. For specific document requirements, please refer to each program’s application form.
Please see the links below with .pdfs of each application
