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Home Improvement Loans Available in Clearwater

1/21/2014 1:34:26 PM

Contact: Terry Malcolm-Smith, 562-4036

FOR IMMEDIATE RELEASE

January 21, 2014

Contact: Geri Campos Lopez

(727) 562-4023

Home Improvement Loans Available in Clearwater

CLEARWATER, Fla. – The City of Clearwater Economic Development and Housing Department may be able to help with necessary code-related repairs needed in the home. Single-family detached homes, townhouses or villas with a comparable sales value from the Pinellas County Property Appraiser that does not exceed $150,000 may benefit from the City’s Housing Rehabilitation Loan Program. Homes must be occupied by the owner. Loans available are up to $25,000.

Household income must be 80 percent or less than the area median income. For example, a one person household would have to have an income of $32,150 or less. A four person household would have to have an income of $45,900 or less. Other eligibility criteria may apply.

Assistance is in the form of a deferred payment loan or a low-interest loan, depending on income.

Some examples of work that could be funded are roof system repairs including soffit/fascia; plumbing repairs; electrical repairs; replacement of doors and/or windows; and ADA modifications.

For information regarding the Housing Rehabilitation Program, contact Terry Malcolm-Smith at (727) 562-4036.

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