The Home Repair Program is an interest free loan program to help income eligible families make necessary repairs and improvements to their homes. The loan is in the form of a mortgage on the home and the amount available is based on equity in the home.
Essential Repairs Program
If there is not sufficient equity in the home, up to $20,000.00 can be loaned for repairs to essential systems such as Electrical, Plumbing, Roof, and/or Heating and Air Conditioning.
Housing Rehabilitation Program
If there is sufficient equity in the home, up to $60,000.00 can be loaned for various repairs such as those available in the Essential Repairs Program and also rehabilitation of non-essentials like window, doors, cabinets, countertops, flooring and other areas in need of repair.
In both programs the homeowner determines the repairs that will be made to the home and selects their own contractor(s). There are no monthly payments. Instead, the homeowner repays the loan when the home is sold, transferred, no longer occupied by the borrower, or 30 years, whichever comes first. The maximum value of a home that can receive assistance is $272,195.