I am responding to a recent Sound-off caller who made comments about our programs, specifically our Moderate Rehab Program. Yes, painting is an eligible activity and yes, the average "deferred loan" we approve is $20,000. But we require that all major code issues affecting health and safety be done. This includes heating, roofing, electrical, plumbing and windows/doors.
This federally funded program is offered by agencies like ours nationwide. The program is limited to low-income homeowners only. The funds are provided in the form of a deferred loan; our lien is released if the homeowner remains in his home for five years.