Home Equity Conversion Reverse Annuity Mortgages are financial plans designed to enable older homeowners to receive cash for the equity in their homes while they continue to own and occupy them. Money is received in monthly payments or in lump-sum loans. The money is repaid when the home is sold. Home Maintenance and Repair Programs Programs designed to assist older persons to remain in their own homes or apartments by making repairs to the home at little or no cost to the residents. Assistance with the cost of certain pharmaceutical is also available.
Program is open to homeowners and renters.
Homestead Exemption Tax break for homeowners 65 years and older. It reduced the equalized assessed valuation of an eligible residence. There is no age requirement for this exemption. Real Estate Tax Deferral State tax relief program allowing low-income homeowners to defer all or part of the property taxes on their residence until it is sold. Sewer Tax Rebate Offered to seniors in some cities.