Rehabilitation Loan Program (CDBG, HOME, PIP)
This program assists Taylor’s low to moderate income residents in need of home repairs. To fund the repairs, a zero-interest, deferred loan is granted. A lien is then placed on the home in the amount of the loan. The loan becomes due upon any action that changes the home’s ownership, such as the primary resident converts the worked-on home to a rental unit, sells the home, cash-out refinances or passes
away. There are four types of repairs allowed under the home rehabilitation program: emergency or
health and safety; energy efficiency; weatherization; and ADA accessibility issues. Cosmetic repairs,
as well as modernization of existing structures, do not qualify for this program.