Floyd County Housing Trust Fund Furnace Replacement Program accepting applications

Press Staff Report

Need a new furnace?

If you meet income guidelines you might qualify to have a new furnace installed free of charge in the home you own. Or if you don’t quite qualify for a free furnace, you may be able to have one installed and pay only 25 percent of the cost.

Tim Fox, vice chairman of the Floyd County Housing Trust Fund and executive director of the Charles City Area Development Corp., said the trust fund board of directors is accepting applications for the 2019 Furnace Replacement Program.

Anyone residing within Floyd County who owns and lives in their home and whose furnace is at least 10 years old can apply.

“This is one of the most needed and well-appreciated programs that I have ever been involved with,” said Connie Parson, Floyd County Housing Trust Fund chairwoman. “We have installed over 370 furnaces in Floyd County and encourage all eligible residents to apply.”  

People whose household incomes are less than the 30 percent median income average are eligible to apply to have 100 percent of the cost of a new furnace and installation paid for by the trust fund.

Those guidelines for household income are less than $21,930 for a one- or two-person household; less than $25,219 for a three-, four-, five- or six-person household; less than $25,237 for a seven-person household; and less than $26,868 for an eight-person household.

Persons whose household income is greater than the 30 percent median income levels but less than the 50 percent median income can apply to have 75 percent of the cost of purchase and installation of a new furnace paid by the trust fund.

The 50 percent median level income is $36,550 for one- and two-person households; $42,032 for a three-, four-, five- or six-person household; $42,062 for a seven-person household; and $44,781 for an eight-person household.

In addition to meeting the income criterion, to qualify applicants must own and occupy the home, be current on property taxes and homeowner insurance, and the existing furnace must be at least 10 years old.

Applicants can specify their contractor of choice regarding the furnace purchase and installation.

 

Applications are being accepted through Dec. 21. They can be obtained from the Charles City Area Development Corp. at 401 N. Main St. in Charles City, and are available online at www.charlescityia.com.

Completed applications can be sent to the Area Development Corp. address, faxed to 641-228-4744 or emailed to tfox@charlescityia.com.

For more information, contact Fox at that email address or 641-228-3020.

The application is also posted at www.charlescityia.com.

The trust fund is reaching out to underserved areas of the county concerning non-English speaking residents, and the application is available in Spanish and Tagalog.  

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