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Tag Archives: low-income homeowners

O’Fallon home improvement loan program available

If you are a low-income O’Fallon homeowner, you may be eligible for help with home repairs through O’Fallon’s Home Improvement Loan Program. The program provides forgivable, zero-interest loans of up to $5,000 on a first-come, first-served basis to applicants who qualify. If the homeowner continues to live in the house for five years without selling, the loans will be forgiven. The 2016 income limits for homeowners are based on total gross incomes of $39,400 for a one-person household; $45,000 for a two-person household; $50,650 for a household of three; $56,250 for a household of four; $60,750 for a five-person household; ...

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