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ReHouse Bay

ReHouse Bay offers several programs that can help qualified applicants meet their housing needs.

ReHouse Bay funding is limited to qualified applicants. Each program has specific requirements (like household income) that must be met before funding is awarded. If funding becomes limited, eligible applicants may be placed on a waiting list until additional funding is available. All ReHouse Bay programs are based on a “first come, first qualified” basis.

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Housing Repair and Recovery Program

ReHouse Bay can provide funding to repair or – for homes with substantial damage – demolish and reconstruct eligible homes. After an applicant qualifies for the program, ReHouse Bay will complete a home inspection to confirm damages, develop a construction plan, and partner with contractors and builders to repair the home.

ReHouse Bay financing is distributed as a second mortgage on repaired or reconstructed homes that are:

  • Located in Bay County, Florida; and
  • The applicant’s primary residence.

ReHouse Bay cannot:

  • Reimburse for repairs that have already occurred; or
  • Offer additional assistance for repairs already funded by some other source, like FEMA or SBA.

Eligible applicants must:

  • Confirm that this home is their primary residence
  • Demonstrate that they own the property (verified through a title search);
  • Demonstrate sustainable income
  • Not exceed income limits for their household size, (see income limit table below);
  • Provide documentation of any funding or benefits received from FEMA, the Small Business Administration (SBA), Insurance, or other social assistance (verified during the program qualification process); and
  • Submit a complete application.
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First-Time Homebuyers Program

The First-Time Homebuyers Program helps current and future Bay County residents purchase affordable homes. ReHouse Bay provides funding to eligible individuals and families to lower up-front costs (like down payment and closing costs) and keep mortgage payments affordable. In addition to funding, program participants will also receive first-time homebuyer counseling. ReHouse Bay financing is distributed as a second mortgage on purchased homes that:

  • Are located in Bay County, Florida;
  • Pass standard home inspections; and
  • Do not exceed a sale price of $283,900.

Eligible applicants must:

  • Not have purchased or owned a home within the last 3 years;
  • Not exceed income limits for their household size (see income limit table below);
  • Demonstrate sustainable income;
  • Have at credit score of at least 620;
  • Participate in a first-time homebuyer class;
  • Be able to independently acquire a loan;
  • Contribute at least $2,000 toward closing costs; and
  • Submit a complete application.

Foreclosure Prevention and Short-term Mortgage Assistance

If you are a survivor of Hurricane Michael and are having difficulty paying your mortgage, ReHouse Bay may be able to help. Eligible applicants must be able to demonstrate hardship; ReHouse Bay staff will verify this when reviewing the application for assistance. ReHouse Bay financing is distributed as a short-term loan for applicants that:

  • Own a home located in Bay County, Florida;
  • Can confirm that this home is their primary residence
  • Can demonstrate that they are the owners of the property (verified through a title search);
  • Can demonstrate sustainable income, but do not exceed income limits for their household size (see income limit table below);
  • Are no less than three (3) months (or no more than $10,000) past-due on their mortgage payments, but have not received an official legal-action notice regarding their mortgage; and
  • Submit a complete application.

Impact Fee Assistance

ReHouse Bay may be able to help eligible applicants* fund impact fees (like sewer or water connection fees) on some properties. ReHouse Bay financing is distributed as a short-term loan for applicants that:

  • Own a home or are building a home in Bay County, Florida;
  • Can confirm that this home is or will be their primary residence;
  • Can demonstrate that they are or will be the owners of the property (verified through a title search);
  • Can demonstrate sustainable income, but do not exceed income limits for their household size (see income limit table below); and
  • Submit a complete application.

*Note: this program may also be available to developers that are building houses that meet affordable housing criteria. Please see additional information for Developers.

 bricklayer

New Construction Program

ReHouse Bay may be able to help eligible applicants build new, affordable housing on property they already own. ReHouse Bay is currently working with developers to build affordable housing on behalf of eligible, income-qualified applicants. Please see additional information for Developers.

Short-Term Rental Assistance

ReHouse Bay can provide short-term rental assistance to eligible applicants in Bay County. Funding may be used for security deposits or utility payments that have already been paid on a newly leased rental property. ReHouse Bay will pay the landlord or utility company directly. Financing is distributed as a one-time grant to applicants that:

  • Are seeking affordable rental properties located in Bay County, Florida;
  • Have recently signed a one-year (or longer term) rental lease agreement;
  • Can demonstrate sustainable income, but do not exceed income limits for their household size (see income limit table below);
  • Have not received rental assistance from SHIP-funded programs within the last three (3) years; and
  • Submit a complete application.

Income Eligibility Guide

Find the number of people in your household on the top row (1 – 8+). If your household’s combined gross income* is within the income range listed below your household size (found in the second row), you may qualify for ReHouse Bay programs.

Table 1: Program Eligibility by Household Income and Size

Household Size 1 2 3 4 5 6 7 8 9 10
Income Range ($) 14,600 – 68,040 17,240 – 77,840 21,720 – 87,500 26,200 – 97,160 30,680 – 105,000 35,160 – 112,840 39,640 – 120,540 44,120 – 128,380 48,600 – 136,024 51,400 – 143,797

 

*combined income includes ALL pre-tax income for individuals 18 years or older living in your home, including full-time, part-time, or overtime salary, social security, supplemental security, or disability income, pension(s), VA benefits, child support, etc.

ReHouse Bay does not discriminate based on race, color, religion, sex, national origin, age, handicap, or marital status in the review or award of applications for housing assistance.