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CITY RAISES HOUSING REHABILITATION LOAN LIMITS
The City’s Department of Community Services has increased the maximum limit of its Housing Rehabilitation Loan program from $80,000 to $150,000.
These loans allow homeowners to make home repairs, accessibility improvements, and address health and safety issues. Income-qualified owner-occupant applicants may obtain interest-free loans and be allowed to partially defer repayments for the 15-year term of the loan.
“We urge qualified homeowners to seriously consider tapping into this important program to ensure their homes are safe and comfortable as they grow older,” Mayor Hannemann said.
Funds for the loan program are made available through the U.S. Department of Housing and Urban Development, Community Development Block Grant program.
Anyone interested in applying for or learning more about the City’s Rehabilitation Loan Program can call the downtown office at 768-7076 or the Kapolei Hale office at 768-3240.
Contact: City Community Services Director Debbie Kim Murikawa, 768-7760.
|Friday, August 08, 2008|