OHCD is funding a home repair loan program, administered by LHOME, a local CDFI. They are eager to get the word out about these loans.
Could you assist them by sharing this information in your district newsletters and social media?
Low-cost Home Repair Loans Available for Louisville Homeowners
LHOME's Home Repair Access Loan helps low- and moderate-income owner-occupants pay for essential repairs like roofs, gutters, and HVAC systems. Loans go up to $24,999 at a fixed 4% rate with terms up to seven years. There are no application, credit check, or origination fees, and radon testing is included at no cost. Payments on a $10,000 loan run about $137 a month over seven years.
The program is funded by a Community Development Block Grant award from Louisville Metro, the city's first CDBG-funded home repair revolving loan pool. Funding is available now. Homeowners with traditional credit challenges are encouraged to apply.
Council offices can help by sharing this information through newsletters, social media, and neighborhood association meetings. LHOME is also glad to present at community meetings, provide flyers in bulk, or connect with churches, senior centers, and service providers who hear from homeowners with repair needs.
Homeowners can apply online at www.lhomeky.org. For questions or referrals, contact Kevin Ratliff (kratliff@lhomeky.org, 502.657.1297) or Marisa Tribble (mtribble@lhomeky.org, 502.657.5943). |