Application Information

SCHAP is currently accepting applications

Please take a look at the requirements below to evaluate your initial eligibility to apply for our Senior Citizen Home Assistance Program (SCHAP). We have expanded this program to include non-senior homeowners

Requirements to be Eligible for a Loan through SCHAP

  1. The Applicant must be an owner-occupant of a building with no more than four units.
  2. The Applicant must occupy his/her home as their primary residence for a minimum of two (2) years.
  3. You do DO NOT QUALIFY If the property is in a Trust or there is a Life Estate, or if you have a Reverse Mortgage, or if your assets or over $15,000. 
  4. The Applicant must have property and liability insurance. 
  5. Applicants’ household incomes (2021), including rental income cannot exceed the following:
    1. $71,322 for a one-person household
    2. $81,536 for a two-person household
    3. $91,750 for a three-person household
    4. Income adjustments are made for larger households

    Required Documents

    1. Photo ID for applicant as well as anyone listed on the deed, and anyone a part of your household including spouse and children.
    2. 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.
    3. 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.
    4. Home Owners Insurance Declarations Page (a property must have liability and property insurance).
    5. 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 (SS) Award Letter
      • Supplemental Security Income (SSI) Award Letter
      • Pension/Annuity Award Letter
      • Employment: Last four (4) pay-stubs for each employed household member
      • Rental – Copies of Leases or rent receipts must be submitted
      • Income Tax for most recent two (2) consecutive years
    6. Bank Statement for Checking & Savings Account
    7. Real Estate Tax (If you have an Agreement please send it ) – TPF can obtain online
    8. Water & Sewer – Account Number (If you have an Agreement, include that as well)
    9. Heating Fuel (Oil or Gas if applicable) – 12 Month Billing Statement
    10. Con Ed – 12 Month Billing Statement and Account Number
    11. National Grid - 12 Month Billing Statement and Account Number

    **NOTE: ADDITIONAL DOCUMENTS MAY BE REQUIRED**

    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.

    More Information

    To receive an application, please fill out the following Intake Form online or download and send it to us by email ([email protected]) or fax (212) 431-9783 or 646-513-4298. 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