Description:
Options for Independent Living provides deferred payment no-interest loans to eligible homeowners in Options’ service area who need to modify their home for accessibility or complete general home repairs. The loans are focused on providing resources to households that include someone who has a disability, is elderly, and is at low-to-moderate income status (as described by the U.S. Department of Housing and Urban Development or HUD). The loan is secured by a lien on the property and must be paid back when the property is sold, transferred or ceases to be the borrower's principal place of residence. Types of projects include (but not limited to) ramp construction, bathroom, kitchen and bedroom modifications, along with general housing improvements and repairs.