Description:
Northwoods Housing Region, Community Development Block Grant (CDBG) Program. Provides no-interest loans for housing rehabilitation projects and assistance with down payments and closing costs on home purchases. Income limits apply. Landlords may also be eligible for rehabilitation loans used to improve housing for low and moderate income tenants. "Eligible improvements" are those necessary to bring a home up to decent, safe, and sanitary conditions. Minimum loan $1000.00. No interest, no payments until home is sold, refinanced, or person no longer lives there.