A Critical Repair Project:
After repairs are complete, the homeowner makes monthly payments to the affiliate for 50% of the value of the repairs over 3-5 years at zero-percent interest. For instance, if the retail value of the project is $5,000, the homeowner will pay the affiliate $2,500 in monthly installments over a five-year period. Homeowners may take advantage of additional pre-payment discounts. For example: If the homeowner pays in full during year one of a five-year term, he receives an additional 30% discount. 20% if paid in full in year two. 10% in year three. Payment terms are agreed to in advance.
Critical Repair Program Eligibility
Critical Repair partner families must demonstrate the need for adequate housing, ability to pay back the loan, and willingness to partner with us.
Need will be determined based on a combination of factors, including:
Ability to Pay
Willingness to Partner