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Detroit Zero Interest Home Loans, The Detroit Jewish News Digital Archives June 27 2003 Image 22
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The initiative developed out of the citys aim to stabilize the housing market and meet an imbalance in the system explains lisc home repair coordinator damon thompson. 0 home repair loans. It provides 8 million in financing for eligible homeowners looking to replace or patch roofs replace windows upgrade plumbing make electrical repairs replace the furnace and address structural or safety issues.
detroit zero interest home loans
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The detroit 0 home repair loans program offers 0 interest loans from 5000 to 25000 to help detroit homeowners invest.
Car loans in alabama. Mayor mike duggan announced today the detroit 0 interest home repair loan program. The 0 interest home repair loan program launched in april 2015 offers 10 year interest free loans from 5000 to 25000 to help detroit homeowners invest in and repair their homes promoting public health and safety increasing property values and helping residents secure and maintain homeowners insurance. Home rehabilitation and repair resources.
The survey prompted the quicken loans community fund to make the 1million investment to the detroit 0 home repair loans program which offers 0 interest loans from 5000 to 25000. The program is directed at detroit homeowners earning up to 80 percent of the area median income 54150 for a family of four as well as households in designated areas of the city regardless of their income including almost all of southwest detroit. Single family and multi family units are eligible as long as the person applying for the loan is also the owner listed on the title.
Detroit 0 interest home repair loans program detroit michigan. The detroit 0 home repair loans program offers 0 interest loans from 5000 to 25000 to help detroit homeowners invest in and repair their homes promoting public health and safety increasing property values and helping residents secure and maintain homeowners insurance. The detroit home mortgage partnership is led by community reinvestment fund usa crf the kresge foundation and ford foundation the city of detroit michigan state housing development authority mshda nonprofits participating banks and other committed financial investorscrf a national nonprofit community development financial institution is a leader in bringing.
The detroit 0 interest home repair loan program is an unprecedented opportunity and we encourage all eligible homeowners to apply. The detroit 0 home repair loans program offers 0 interest loans from 5000 to 25000 to help detroit homeowners invest in and repair their homes promoting public health and safety increasing property values and helping residents secure and maintain homeowners insurance. Lisc detroit launched the 0 interest home repair loan program in april 2015 and provides 5000 to 25000 to help detroit homeowners make repairs and invest in their residences.
Vacant unoccupied units are not eligible for this program. To qualify you must own and have lived in your home for at least 6 months.
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