The Wildwoods receive small cities grant - NBC40.net

The Wildwoods receive small cities grant

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NORTH WILDWOOD -

Making those fixes around the house may have just gotten a little easier for some homeowners in the Wildwoods, as the New Jersey Department of Community Affairs has granted $300,000 to make home improvements a possibility.

"I've spoken to several that are going to be applying. They need windows, they need a new roof or they need a new heating system. And what's great about it is its zero interest and its not payable until the property is sold," said Mayor of North Wildwood Bill Henfey.

Qualifying low to moderate-income households in Wildwood, North Wildwood and Wildwood Crest can apply for a loan of up to $20,000.

The loan is not available for additions or decorating.

"How the program works, its zero percent interest and there's a lien placed against the property and at the time of the sale of the property, then the money is refunded back to the city and to what they would call regeneration grant money. So that money would come back to the city and we would be able to re-loan it out again," said Mayor Henfey.

To qualify, families of two must have a yearly income of $45,550 or less while a family of four with an income at or less than $56,900 is also eligible.

The program is currently underway and Mayor Henfey says it will run as long as there are funds available.

In a difficult economic time, Mayor Henfey is able to see this program helping residents and making life a little easier.

"This is what the government needs to do," said Mayor Henfey.

"We need to help people especially our senior citizens on fixed incomes and everything is getting more and more expensive and we need to do stuff to help them."

Anyone living in the Wildwoods interested in applying is encouraged to stop by their city clerk's office or visit their city's website.

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