| Deferred-Deferred |
Mission Statement
The Deferred-Deferred Program provides 0% owner occupied home improvement loans
(Maximum $25,000) to residents 65 or older. The loan is secured by a lien on the
property - repaid when the house is sold or transferred or original applicant
moves out of the property. After rehab, the property must meet Section 8
Housing Quality Standards and satisfy City of Lakewood Code requirements. Grant
assistance is available – Up to 30% of the loan (maximum $3,000) to offset
the cost of qualified exterior improvements.
To qualify for this program,
applicants must own and reside on their Lakewood property and meet the income
guidelines listed at right.
Any Questions?
Contact Jim Blocksidge, Program Coordinator, at (216) 529-5906
for additional information. |
Income Guidelines |
Household
size |
Income
limit |
1 |
$21,750 |
2 |
$24,850 |
3 |
$27,950 |
4 |
$31,050 |
5 |
$33,550 |
6 |
$36,000 |
7 |
$38,500 |
8 |
$41,000 |
|
