|
|
Home Renovation Loan Program Eligible Improvements
Citywide Home Loans Home Renovation Loan program is intended to facilitate uncomplicated rehabilitation and/or improvements to a home during a purchase or refinance transaction. Due to the rehabilitation amount limitation of $35,000, eligible improvements are limited and can not include any major rehabilitation or remodeling, new construction such as a room addition, repairs to structural damage, or site amenity improvements. The Home Renovation Eligible repairs include:
- Repair/Replacement of roofs, gutters, and downspouts.
- Repair/Replacement/Upgrade of existing heating ventilation, and air conditioning systems.
- Repair/Replacements of plumbing and electrical systems.
- Repair/Replacement of flooring.
- Minor remodeling that does not involve structural repairs, such as replacement of kitchens & bathrooms.
- Exterior and interior painting.
- Weatherization, including storm windows and doors, insulation and weather stripping.
- Purchase and installation of appliances, including free-standing ranges, refrigerators, washer and dryers, dishwashers, and microwaves.
- Improvements for accessibility for persons with disabilities.
- Lead-based paint stabilization or abatement of lead-based paint hazards, asbestos, and some chemical substances.
- Repair/Replacement/Addition of exterior decks, patios, porches.
- Basement finishing and remodeling that does not involve structural repairs.
- Basement Waterproofing.
- Replacement of windows, doors, and exterior wall re-siding.
|
|
|
|
|
