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Deferred-Deferred Loan | Lakewood City Of - Department Of Planning And Development

12650 Detroit Ave., Lakewood City Hall, Lakewood, OH 44107

Open Lakewood residents age 65 or older or with permanent disability who own and occupy the home. There are household income limits (call for complete information).
M-F: 8:00am-5:00pm
(216) 529-4663

Voice - voice | (529-HOME)

https://www.lakewoodoh.gov/planning-and-development
[email protected]

Call M F: 8:00am-5:00pm for application information. The property will be inspected, and bids must be obtained from registered contractors by the applicant. Then the bids will be submitted to complete the application.

Free

Lakewood, Ohio

Description

Provides no-interest home improvement loans to older Lakewood residents for repairs, improvements or to add or to improve wheelchair accessibility in the home (such as install a ramp or add an ADA bathroom). Loan can be up to $25,000, with rebate assistance is available up to 50% of the loan (maximum $4,000) to offset cost of qualified exterior improvements. Loan is secured by a lien on the property. There are no monthly payments - loan becomes due only when borrower sells the property or dies.

Data provided by

211 Cleveland

Providing organization

Lakewood City Of - Department Of Planning And Development

Coordinates activities designed to retain existing businesses and attract new businesses to the city.