Posted on 08/27/2025 7:23:23 PM PDT by AbolishCSEU
Geneva homeowners can now apply for repair funds through a city program that forgives loans after five years, according to the Finger Lakes Times.
Geneva homeowners can now apply for repair funds through a city program that forgives loans after five years, according to the Finger Lakes Times.
Sorry cut and paste malfunction:
The income-based program, backed by state and local funding, covers upgrades like roofing, plumbing, heating, insulation, and more. Most aid ranges from $20,000 to $35,000 per home, with higher limits for health-related fixes like asbestos or lead removal.
To qualify, homes must be owner-occupied and meet income limits. Applications are open until funds run out.
This sounds great! But I don’t live in Geneva. Can I still get the free money?
If not, that’s location discrimination. And it will force me to write an angry letter to the governor.
📃
This isn’t new.
Programs like this all around the country for decades
Why not? 🤬 It’s not their money!
Yes and we all know how well they work out. Shoehorning people with misplaced priorities that should never be homeowners into homeownership is and will always be a failure. Most Habitat for Humanity homes are destroyed and go into foreclosure within the first 10 years.
All of those widow replacement companies
and gutter guard companies are loving this.
. Applications are open until funds run out.
So the forgiven portion becomes imputed income for tax purposes, right?
I still remember the plumber getting pissed about his trucks showing up in Iraq from Obamas trade something for other plan. And they even had 50 cal truck bed anti us guns mounted … wow how time has flown…..
I don’t think is unique to Geneva. Maybe. I do know that there used to be a program in NY to assist low-income people to improve their homes for safety reasons. That’s how my parents had central heat installed in the 1830 family homestead. That was in the mid-’90s.
Before that the big old farmhouse had been heated by an oil stove in the living room.
The program’s inspectors had to approve the expenditure to be sure the money wouldn’t be wasted. They said the house was much better built than current construction was being built.
Geneva has been a ghetto surrounding a college for mistresses of my adult life. It was a pretty city when I was a kid. Unfortunately, like Ithaca, the college professors who lived there turned it into a socialist Hell hole.
Upstate New York economy is depressed due to fracking ban in NY and a general anti-business government bureaucracy.
We rehab circa 1800 buildings for a living. They are most certainly better built than today’s OSB and popsicle stick houses.
We had one of those with our first house. Used it for windows and siding. It was based on income. Mone was very moderate at the time. As I recall, about 30-40% was forgiven, the rest was due interest free upon sale of the house.
“We rehab circa 1800 buildings for a living.”
I’m so jealous! I would love to do that. That’ll never happen. Hubby went on meds just remodeling a small kitchen of a 1990s CA condo. And we had a contractor.
I got married in Geneva in ‘78
It was like that back then.
Sounds right.
I worked for a non profit as a loan officer doing this type of lending .
I didn’t like the aspect of taking money from some homeowners and giving it to others.
On the other hand it does help keep the housing looking better which hells everyone
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