The Office of Housing and Community Development is accepting applications to its Residential Repair Program.
The RRP is a low-interest loan program available to eligible low-and moderate-income homeowners. Funds may be used to repair, improve or modernize homes or remove health and safety hazards.
Loans range from $2,500 to $25,000 at 3% simple interest. Loan payments are deferred for 15 years, at which time full payment will be due.
Eligible homeowners who are 62 years or older or persons with a disability may be eligible to have 30% of the loan’s principal balance forgiven at the end of the loan period. Funds are limited and granted on a first-come first-served basis.
Applications and program information may be found online at tinyurl.com/4twc5557 or by contacting Marcia Yoshiyama by email at [email protected] or phone at (808) 961-8379.