The Community Development Block Grant Program provides housing rehabilitation loans to eligible homeowners. The program offers 0% interest loans with no monthly payments, which are paid back when the home ceases to be owner-occupied, title is transferred, or the house is sold. The loan is used to bring homes up to decent, safe, and sanitary conditions, with priority given to health and safety repairs.
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Summary
The Community Development Block Grant Program provides housing rehabilitation loans to eligible homeowners. The program offers 0% interest loans with no monthly payments, which are paid back when the home ceases to be owner-occupied, title is transferred, or the house is sold. The loan is used to bring homes up to decent, safe, and sanitary conditions, with priority given to health and safety repairs.