Transformation Home Loan

2023 Program Update:
Funds are no longer available for the Transformation Home Loan. Application material for 2024 funding will be posted to the website the first week of January, 2024. Applications will be accepted on a first come- first serve basis after the application is posted. 

Forgivable Interest-Free Loans for Large Remodeling Projects
635816297030400000345The 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
  • Loan funds are dispersed to the homeowner only after project completion and after contractors have been paid by the homeowner 
  • Projects are to be completed within the calendar year
  • No income limits, no payments, no interest
  • For owner-occupied, single family homes or duplexes
  • The loan is due upon sale of the home or is forgiven after 30 years
  • Additional incentives available for projects that include an Accessory Dwelling Unit (ADU), energy efficiency improvements, or accessibility upgrades. See Program Guidelines below for more information. 
See Slideshow of Transformation Home Loan Projects Here


Questions about the loan or application process can be directed to the Housing Specialists at or (612) 861-9778