DEFERRED-DEFERRED LOAN | LAKEWOOD CITY OF - DEPARTMENT OF PLANNING AND DEVELOPMENT
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
Physical Address
12650 Detroit Ave., Lakewood, OH 44107
Hours
M-F: 8:00am-5:00pm
Fax
(216) 529-5907
Application process
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.
Fee
Free
Eligibility
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).
Agency info
LAKEWOOD CITY OF - DEPARTMENT OF PLANNING AND DEVELOPMENT
Coordinates activities designed to retain existing businesses and attract new businesses to the city.