|1-3 Matching Deferred Loan Program (CARAG neighborhood)|
Description: A 0% interest loan for a maximum of $4,000 is available to improve home exteriors in dwellings of 3 units or less. The loan borrower must match the loan dollar-for-dollar with their own money. Each year the owner lives in the property 20% of the loan will be forgiven. The loan will be entirely forgiven on the 5-year anniversary of the loan's closing date. The homes can be owner-occupied or absentee-owned. There is no income restriction on participating in the program, and eligible projects include repairing doors, replacing windows or installing security lighting.
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