If you can’t afford home repairs, and you are a homeowner in Cleveland Heights, 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.
For qualifying households. Provides $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 listed here.
Senior Home Stability Grant
For qualifying households. Provides half the cost of materials and installation (up to $1,00) for qualifying repairs. Used for repairs that, if left unattended, could cause major trouble down the road. For homeowners age 62 or older, or totally and permanently disabled. The remaining cost of repair may be combined with one or more of the funding programs listed here.
Can guarantee a bank loan on 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 $5,000, at the current bank rate. Can be used in combination with other funding programs for qualifying homeowners listed here.
Assist 0% Benefit
For qualifying 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. Can be used in combination with other funding programs for qualifying homeowners listed here.
For qualifying households. Allows a homeowner who can qualify for a bank loan to borrow for home repairs and pay less overall than they would without the assist. Can be used in combination with other funding programs for qualifying homeowners listed here.
Assist Deferred Loan Match
For qualifying 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! Can be used in combination with other funding programs for qualifying homeowners listed here.
For qualifying 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, contact:
Coordinator of Financial & Senior Programs
(216) 381-6100, ext. 22
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