No interest, deferred-payment home repair loan funds are now available* from CSC's Community Housing Services in the following locations:Benton County: Limited loan funds are available throughout Benton County, except within the city limits of Corvallis. (Residents of Corvallis may contact the City of Corvallis Housing Dept. for similar assistance, (541) 766-6944.)
Linn County: Limited loan funds are available for owner-occupied properties in Albany, Lyons and Mill City.
Lincoln County: Loan funds are now available in Newport for owner-occupied and some types of rental properties.
Linn County: Limited loan funds are available for owner-occupied properties in Albany, Lyons and Mill City.
Lincoln County: Loan funds are now available in Newport for owner-occupied and some types of rental properties.
The loans are available for home repair needs such as roofing, heating and electrical systems, plumbing, foundations, structural work, and other conditions affecting health, safety and livability.
No interest is charged on these loans, and no monthly payments are required; loans for rehab of owner-occupied properties are not due and payable until the property is sold, transferred, vacated or refinanced; rental property owners must contribute 50% of the cost of the project, must agree to rent to low-income tenants for the life of the loan, and must pay off the loan in ten years.
For further information contact Jeni Wells-Whitney at CSC's community Housing Services office in Corvallis at (541) 758-2636 or email at jwwhitney@communityservices.us.
*Income guidelines apply for qualification
*Income guidelines apply for qualification
