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C I T Y   O F   S H A W N E E
CDBG Urban Renewal Authority and 
 Community Development

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Cit of Shawnee FAQ Include
CDBG Urban Renewal Frequently Asked Questions
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Q:How do I qualify for the CDBG Program?
Q:Substantial Amendment to FY 2008 Action Plan
Q:What are the housing rehabilitation programs?
Q:What can the CDBG loans/grants be used for?
Q:What is a First Time Homebuyer (FTHB)?
Q:What is HUD's Median Family Income?
Q:What is the Neighborhood Stabilization Program (NSP)?
Q:What is the Urban Renewal Authority and CDBG?
Q:What kinds of loans and grants are available?
Emergency Assistance (EA) - Earned Grant:
A five (5) year mortgage will be placed on the home and the owner(s) will earn 20% of the rehab amount each year the owner resides in the house.

Home Repair (HR) - Grant/Loan:
The owner will repay 50% of the rehab amount at 3% interest over a five (5) or ten (10) year period with the remaining 50% earned at a rate of 20% each year the owner resides in the house.

Deferred Payment Loan (DPL):
Loans are available for housing rehabilitation to qualified homeowners. Of the rehabilitation amount expended, 50% is a loan and will be repaid to the City of Shawnee over a five (5) or ten (10) year period at 3% interest. The remaining 50% is earned at a rate of 20% each year the owner resides in the home.

HOME Program:
Periodically, HOME Investment Partnership Program funds are available from the Oklahoma Housing Finance Agency. The HOME grant is maintained the same as the DPL program.
Dated:10/31/2007 3:16:01 PM Back to Top--^



 The Urban Renewal Division admin

The Urban Renewal Division administers grant and loan programs for emergency assistance and home improvement.

To contact the Urban Renewal Office, call (405) 273-1938 during regular business hours.

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City of Shawnee Enterprise Zone
Overview Map
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Provides a map of the Enterprise Zone as approved July 6th 1993 for the Shawnee area.
 

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Inset Map
The Inset Map provides a better view of where the Enterprise Zone is specifically located.

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FULL PDF VERSION