As many Long Island homes continue to age, maintenance and upkeep need to be done. The question becomes how to pay for those repairs. Community Development Corporation of Long Island has available low interest home improvement loans for eligible Long Island homeowners. We will help to identify the repairs, contract with licensed contractors to get the best prices and finance the cost of the repairs. Community Development Corporation of Long Island and NYS Affordable Housing Corporation are also providing deferred loans to eligible Long Island homeowners, so inquire today! Loans can be used to make the following types of repairs:
- Energy Efficiency Measures
- Structural and Health and Safety Measures
CDCLI will manage the process, bid out your job with reputable contractors, and get you the fairest price. If you decide to have CDCLI manage your construction, there is a fee.
Loans can be paid off in advance with no prepayment penalty. All loans will be secured with a note and mortgage. Interest rate is based on household size.
We are a not-for-profit exempt mortgage banker. Loans are arranged through third party vendors. CDCLI Funding Corporation is a Fair Housing and Equal Opportunity Lender.