Income-eligible, single-family households can apply for no-interest home rehabilitation loans of up to $25,000 to correct health and safety issues and building code violations such as broken pipes, a leaking basement, a deteriorating roof, dangerous electrical systems or accessibility obstacles.
Related projects to deal with peeling or damaged lead paint surfaces may be covered under a separate grant of up to $20,000 per location.In addition, for a limited time, a $10,000 energy grant is available for income-eligible households to replace furnaces, water heaters or provide insulation.
No monthly payments are required and loans are repayable after 20 years or when the property is transferred. Grants, like the one available for lead paint abatement, do not have to be repaid.
Eligibility is determined by income limits set for the Chicago area by the U.S. Department of Housing and Urban Development.
For example, a family of four with a total household income below $83,350 would possibly qualify for a loan and a grant.
For more information visit www.oak-park.us/housing, email housing@oak-park.us or call 708.358.5410.