For low-income homeowners in the Daytona Beach area, a leaking roof or failing septic system can quickly spiral into a financial emergency. The USDA Section 504 program offers remarkably affordable financing: loans at just 1% interest and grants up to $10,000 for seniors.
What Is the USDA Section 504 Program?
- Section 504 Loans: Up to $40,000 at 1% interest, repayable over 20 years
- Section 504 Grants: Up to $10,000 for homeowners 62+ who cannot afford to repay a loan
Loans and grants can be combined for up to $50,000 total.
Eligibility Requirements
Income Limits (50% of Area Median Income)
| Household Size | Maximum Annual Income |
|---|---|
| 1 person | $24,650 |
| 2 persons | $28,150 |
| 3 persons | $31,700 |
| 4 persons | $35,200 |
| 5 persons | $38,050 |
Other Requirements
- Own and occupy as primary residence
- Property must be in an eligible rural area (many parts of Volusia County qualify)
- Unable to obtain affordable credit elsewhere (for loans)
- Age 62+ and unable to repay (for grants)
What Can Funds Be Used For?
- Roof replacement or repair
- Plumbing and electrical updates
- Septic system repair/replacement
- Foundation and structural repairs
- HVAC installation or replacement
- Accessibility modifications
- Lead paint and asbestos removal
- Weatherization and energy efficiency
How to Apply
- Check address eligibility using the USDA Property Eligibility map tool
- Gather documents: proof of ownership, income, ID, repair estimates
- Contact your local USDA office — Florida Rural Development at (352) 338-3402
- Complete the application
See also: housing assistance in Florida, LIHEAP energy assistance, and CSFP food assistance for seniors.
See What Benefits You Qualify For
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Start Free Assessment →Frequently Asked Questions
Can I use Section 504 funds to build an addition?
Generally, no. The program is for repairs, improvements, and modernization of existing structures.
What happens if I sell my home after receiving a grant?
If you sell within three years, you must repay the full grant amount. After three years, the obligation expires.
Is mobile home repair covered?
Yes, manufactured homes on a permanent foundation that you own may be eligible.
Can I apply if I already have a mortgage?
Yes. The USDA loan will be placed as a lien but your existing mortgage remains.
