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Archive for Friday, March 15, 2013

City offering home rehabilitation loans

March 15, 2013

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To qualifyfor the comprehensive rehabilitation loan

• The applicant must have owned the property for at least a year at the time of application.

• The property must contain no more than two dwelling units.

• The applicant must make all the repairs necessary to qualify the building for minimum property rehabilitation standards.

• The applicant can not have previously received a comprehensive rehabilitation loan.

The city of Lawrence is offering loan funding for home rehabilitations, including foundation, wiring, plumbing and roofing repairs, as well as for painting.

According to a press release from the city, the funds, provided through the Community Development Block Grant, will go toward rehabilitating homes “to help maintain affordable, safe and healthy housing for the community.”

Application forms are available in the Development Services Offices at 1 Riverfront Plaza, on Level 1, Suite 110, or online at www.lawrenceks.org/pds/.

For more informaton, call 785-832-7700. The deadline for applications is 5 p.m. April 30.

Comments

Gary Anderson 1 year, 9 months ago

Are mobile homes eligible? No...no they are not.

TonyHoch 1 year, 9 months ago

Mobile homes are not eligible for this program but there is a mobile home emergency loan program avaliable. Just call the same number for more information.

Cant_have_it_both_ways 1 year, 9 months ago

The city has no business in the home loan business. This is what we have banks for. If they have enough money for this, then they are overcharging the residents of this city in some way. Picking winners and losers is not a function of the government.

And yes I can read. I see it is a block grant. Grants come out of someones arses...usually those of us who actually pay income taxes.

elliottaw 1 year, 9 months ago

You really have no idea how things work do you, the people that need these loans probably can not get one from a bank, which means that they could not repair their homes, which means those houses start to look like crap and only get worse and more run down, which mean that property values start to go down, which effect everyone.

headdoctor 1 year, 9 months ago

Nope. CHIBW hardly ever gets out of his moms basement to get a clue how things work. He just likes to complain about someone else getting something he is not.

koman 1 year, 9 months ago

"Picking winners and loser".....like brownshirt cutting taxes for business owners and leaving the regressive sales tax at a higher level to pay for it? Wait, that doesn't fit the fauxnews-fed commentary you koch-heads spout all of the time.

justforfun 1 year, 9 months ago

Anyone know what some of the requirements are? Intrest rate and payback time frame??

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