If you can’t afford home repairs, HRRC may be able to help. We can guide you through a number of options. In addition to the below programs, we have information on community resources such as County HELP and Historic Preservation Loans (low interest-rate programs for conventional borrowers.) Be sure to Contact Us to find out what you might qualify for.
Can guarantee a bank loan for home repairs for homeowners who can afford a monthly payment but aren’t able to qualify for bank financing — because of past credit problems, not enough equity in the house, too much debt, or other reasons. There are no income limits for this program. Maximum loan is $8,000, at the current bank rate. (Can be used in combination with other programs for low-income homeowners.)
For low-income households. Provide $1,500 towards the cost of replacing a roof or furnace for homeowners age 62 or older, or totally and permanently disabled. This grant reduces the amount that must be paid for the repair — and the monthly payment if the funds are borrowed through one of our loan programs.
Senior Water Heater Grant
For low-income households. Provides half the cost of materials and installation (up to $500) of a replacement water heater for homeowners age 62 or older, or totally and permanently disabled. The remaining cost can be provided from the applicant’s personal funds or, if other repairs are undertaken, combined into one of HRRC’s loan programs.
HRRC Loans for Cleveland Heights Residents
For low-income households. Our loan programs may provide financing help to Cleveland Heights residents. You must be owner/occupants of one- or two-family homes. You are still eligible if you do not qualify for a conventional bank loan. Contact us to find out if you qualify.
Assist 0% Benefit
For low-income households. Allows a homeowner to borrow for home repairs with a smaller monthly payment, often as low as $40 to $50 a month (example: $4,000 over 6 years is only $55 a month.) This is similar to a no interest loan. The total amount paid is only the actual repair cost.
Assist Deferred Loan Match
For low-income households. Lets a homeowner defer paying 1/2 the cost of repairs to major systems of the house: roof, heating, masonry rebuild, exterior painting, major structural repairs to footers and foundations, and replacement of storm or sanitary sewer lines. There is no monthly payment and 0% interest on the deferred half of the loan, and it doesn’t need to be repaid until title to the home is changed (unless the borrower chooses to repay earlier). In return, the homeowner provides a “match” of 1/2 the cost. This half may be provided on one’s own, or borrowed. Since only half the cost is being financed, the payments are lower — a big help if a budget is tight!
For low-income households. Provides a grant of $1,000 toward the cost of replacing any one of four major systems (roof, heating, masonry rebuild, or exterior painting). The grant serves as an incentive for homeowners to invest in these repairs early, before damage to the structure occurs, by reducing the amount that must be paid for the repair — and the monthly payment if the funds are borrowed through one of our loan programs.
If any of these programs sound as if they might help you:
Call Home Repair Resource Center at (216) 381-6100
Or email firstname.lastname@example.org
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