Please take a look at the requirements below to evaluate your initial eligibility to apply for our Senior Citizen Home Assistance Program (SCHAP).
Requirements to be Eligible for a Loan through SCHAP
- The applicant must be at least 60 years old.
- The applicant must be an owner-occupant of a building with no more than four units. (This program does not provide funds to repair recently purchased homes. Therefore, a minimum two (2) year period as owner/occupant is required.)
- Income cannot exceed 120% of the area median income. In 2016, the limits are: $76,125 for a one-person household, $87,000 for a two-person household, and $97,875 three-person household. Income adjustments are made for larger households.
- Photo ID for applicant as well as anyone listed on the deed, and anyone a part of your household including spouse and children.
- Copy of Deed (Staten Island only). If another name in addition to the senior’s appears on the deed, that person must sign loan documents. If one of the parties is deceased, a copy of the death certificate is required.
- Current Mortgage Statement(s). Copies of any Mortgages(s) and/or Satisfaction(s) of Mortgage(s). Mortgage status information (current) must be obtained for all recorded mortgages. The senior must sign one Mortgage Information Release Form (attached at back of application) for each mortgage.
- Home Owners Insurance Declarations Page (a property must have liability and property insurance).
- Credit Check or Money Order for $4.65 (add additional $4.65 per person on deed).
Proof of Income
Proof of current personal and rental income for all members of the household must be submitted (e.g., W2 forms, tax returns, Pension or Social Security award letters).
- Social Security Income
- Pension Award Letter
- Employment Paystubs
- Rental – Copies of Leases or rent receipts must be submitted
- Income Tax for 2015 and 2014
- Bank Statement for Checking & Savings Account
- Real Estate Tax (If you are have an Agreement, include that as well) – TPF can obtain online
- Water & Sewer – Account Number (If you have an Agreement, include that as well)
- Heating Fuel (if applicable) – 12 month Billing Statement
- Con Ed – 12 month Billing Statement and Account Number
- National Grid - 12 month Billing Statement and Account Number
SCHAP staff interview applicants and review their documentation to determine eligibility. If an applicant meets all requirements, the field inspector will inspect the senior’s home to determine what home repair/improvement work is necessary. He will then prepare a Scope of Work, which is sent to the borrower, who in turn will present it to licensed contractors for free written estimates. A minimum of three estimates is required. After a contractor is chosen and all documentation is in place, the loan is closed and mortgages are filed. The contractor then carries out all home repairs. The SCHAP staff visit the site several times before and during construction. If the repairs meet approval, final payment is authorized.
To receive an application, please fill out the following Intake Form online or download and send it to us by email (email@example.com) or fax ((212) 431-9783). A SCHAP staff member will call you to let you know if you meet the initial requirements of the program and when an application will be sent to you.
*When filling out the Intake Form (PDF), please do not complete the highlighted grey areas.
You can also call the number listed below to have an Intake done over the phone and an application sent to you should you meet the initial requirements:
The Parodneck Foundation
(212) 431-9700 ext. 300