This program creates affordable housing options for senior family members by providing low interest loans for additions or renovations to existing single family homes.
The maximum loan available is $25,000 and it must be repaid over a maximum of 10 years. The interest rate is established at the time of approval. If a chattel mortgage is used to secure the loan, the repayment term is a maximum of six years.
Funding is available to applicants that meet the following criteria:
Eligible costs may include:
The additional space created or to be altered must include a minimum 120 square foot bedroom and associated storage. If bathing facilities are not to be included, the existing facilities must be easily accessible.
Before you apply, download and review the program policy provided below. To start your application or for more program information, call 1-844-424-5110 (toll-free).
Program Documents
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