For more than 30 years, the Oakland County Community and Home Improvement Division has met the home improvement needs of thousands of low and moderate income homeowners. Oakland County's Home Improvement Loan program is designed to improve the condition of existing housing. With a no cost, low-interest loan, residents can:
Make needed repairs
Maintain or increase property value
Decrease utility costs
A qualified homeowner must own and live in the home, have a gross income that falls within the income guidelines and live in one of the 50 participating communities. A homeowner can obtain a loan for as much as $18,000 provided there is sufficient equity in the home. Depending on household income, interest rates are up to 3 percent. A loan may be deferred until the applicant no longer resides in the home, an installment loan, or a combination of the two. There are no other costs associated with this loan. State of Michigan licensed and insured residential builders complete all rehabilitation work.
When applicable, a lead based paint risk assessment is completed on homes built prior to 1978. Lead abatement work practices are required and work is performed by State of Michigan licensed lead abatement contractors.
Priority home improvements include repairs for purposes of health and safety, energy conservation, and structural preservation. New roofs, windows, siding, doors, plumbing, electrical, heating, water heaters, water and sewer systems, kitchens, bathrooms, porches, barrier free access, wells, septic systems, and basement waterproofing, are a sample of eligible projects.
For assistance throughout the home improvement process, please contact melvinjohnsond@oakgov.com. For an application or more information, please contact our office at:
248-858-0495 or toll free 888-350-0900, ext. 80495
248-858-5401 or toll free 888-350-0900, ext. 85401
