Program Guidelines
Home must be owner-occupied to qualify
Home cannot be converted to rental property
Homeowner(s) must meet income guidelines
Loan falls due upon transfer of title of property (including forgivable loans)
Property cannot be located in a floodplain
Property must be located in the city limits of our service area
Property taxes must be paid current throughout the duration of the loan term
Homeowner’s insurance must be maintained throughout the duration of the loan term
Program Goals
Reduce monthly utility costs
Improve energy performance in conjunction with the rehabilitation project
Minimize ongoing maintenance for homeowners
Preserve the housing unit
Add to the quality of living