[RP TownTalk] 0% Interest Home Improvement Loan for Prince George's County Homeowners

[Jessica Barnes]

The Prince George's County Department of Housing and Community Development has partnered with the Prince George's County Redevelopment Authority and Housing Initiative Partnership (HIP) to repair health and safety hazards in the homes of eligible homeowners in Prince George's County.  The Housing Rehabilitation Assistance Program is a 0% Interest Home Improvement Loan for Prince George's County Homeowners.



Eligible Applicants

*         Must own and occupy a home in Prince George's County

*         Must be current on mortgage payments, property taxes and property insurance

*         Cannot have an "underwater" mortgage or a reverse mortgage

*         Total household income may not exceed the program limits



Eligible Repairs

*         Health Hazards: Lead, mold and asbestos abatement

*         Safety and Code Compliance repairs: Roof, electrical systems, plumbing, flooring

*         Energy Efficiency: Windows, insulation, air sealing, siding

*         ADA related improvements: Ramps, grab bars, railings

*         Other improvements considered



Loan Terms

*         0% interest, no monthly payments

*         Maximum Loan Amount of $60,000

*         Loans are repaid in full when the house is sold or transferred

*         Maximum LTV 110%





The program application is attached to this correspondence.  Applications are currently being accepted.   If you have questions or need additional information please contact Housing Initiative Partnership at (301)699-3835.  Please feel free to share this information with other Prince George's County homeowners.  Thank you.




























Aimee Olivo
Chief of Staff to Council Chair Dannielle M. Glaros
Prince George's County Council
Office: 301.952.3060 | Cell: 301-741-5273
www.Facebook.com/PGDistrict3<http://www.facebook.com/PGDistrict3> | Twitter: @GlarosCouncil3 | Web: http://pgccouncil.us<http://pgccouncil.us/>
Together Strengthening Our Community

Please disregard the disclaimer below; this message is meant to be shared.





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