Housing Rehabilitation Programs
Depending upon your family income and the location of your home, you may qualify for a no cost loan to make home repairs. The CDC’s housing rehab programs are financed by individual grants of state, federal or private lender funds. Funding is very limited, is not available at all times and typically is restricted to geographic areas specified by the granting agency.
FEDERAL HOME LOAN BANK AHP PROGRAM
Subject to availability of funding the CDC can package loan applications up to $10,000 for weatherization or accessibility repairs. The loan requires no payments, is zero percent interest and 20% of the loan balance is forgiven for each year the borrower remains in the home. At the end of five years the entire loan balance is paid off and becomes a grant.
HOME RENOVATIONS PROJECTS
Pages Lake Rd.
N 26th St.