The Detroit 0% Interest Home Repair Loan Program provides loans to Detroit homeowners looking to complete home repairs or improvements. Homeowners have ten years to pay back the loans, which are provided
at 0% interest. That means homeowners pay back only what they borrow. Loans are available between $5,000
and $25,000 for Detroit homeowners who own and occupy single-family homes. Homeowners who own properties with two units, such as duplexes, can be eligible for up to $50,000 as long as they live in one of the units.
What repairs qualify?
If the home has health and safety hazards (i.e. lead, mold, asbestos), those issues must be addressed first
before other repairs can be made. The following are sample projects:
Removal of lead & other health/safety hazards (required)
Electrical repairs
Furnace & HVAC replacement
Roof replacement
Plumbing
Door and window replacement
Concrete repairs (sidewalks, driveways)
Porches, foundations and other structural repairs
Website: http://www.detroithomeloans.org
Applications will be available online and at a number of locations throughout the city. Assistance with com- pleting the application is available at Intake Centers by appointment.