Loan Forgiveness
Funding for accessibility repairs made to a home, up to a maximum of $5,000, is in the form of a grant and does not require payment.
Forgiveness of the loan portion will be earned by the homeowner at a rate of 10% per year for 10 years.
To earn forgiveness, applicants must maintain continued ownership and occupancy of the dwelling and maintain replacement cost property insurance, as well as, adhere to all other terms and conditions of the program. If the homeowner sells or vacates the home, they are responsible for paying back any outstanding loan amount.
PLEASE NOTE: Additional information may be requested, in order to confirm eligibility for assistance.