Forgivable Loan Programs
This is the complete list of all forgivable loans programs available
to help with the renovation, rehabilitation, and upgrading costs
associated with a home. Forgivable loans are loans that either
do not need to be repaid and are repaid upon the sale of the
house so long as specific conditions are kept by the borrower.
For complete details and information on participation in these
programs, contact the organization directly.
ElderHomes Corporation Programs
Citywide Home Rehabilitation Loans
This loan, like the Citywide Home Rehabilitation Grant, is to help with upgrading
or replacing major structural systems such as, roofs, electrical systems,
heating and air conditioning systems, plumbing as well as lead based paint removal
of owner occupied homes. The loans are for a maximum of $28,000. The resident
must also be at or below eighty (80) percent of the medium
income level for the city and is available to home owners citywide. For more information on this loan program
call ElderHomes of Richmond at (804) 233-2827.
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