Spring 2020 Update: Limited funding still available - contact a housing specialist for more information at firstname.lastname@example.org
Forgivable Interest-Free Loans for Large Remodeling Projects
The Transformation Home Loan program offers homeowners a financial incentive to help pay for large remodeling projects (valued at $50,000+).
- Borrow 15% of the project cost, with a maximum loan limit of $25,000
- No income limits, no payments, no interest
- For owner-occupied, single family homes
- The loan is due upon sale of the home or is forgiven after 30 years
No lottery or specific Application Period will be held in 2020. Applications will be accepted on a first-come, first-served basis dependent on funding availability.