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!

Deferred loans and home improvements loans can be used to make
the following types of repairs:

Electrical, Plumbing, HVAC, Energy Efficiency Measures, Structural and Health and Safety Measures.

If your total Annual Family Income does not exceed the limits listed below, you may apply for a loan at the interest rate of: 

Household Size	7%	5%	3%
1	$85,600	$57,000	$35,600
2	$97,800	$65,150	$40,700
3	$110,000	$73,300	$45,800
4	$122,200	$81,450	$50,900
5	$132,000	$87,950	$54,950
6	$141,800	$94,450	$59,050
7	$151,600	$101,000	$63,100
8	$161,400	$107,500	$67,200

 

Loans can be paid off in advance with no pre-payment penalty.
All loans will be secured with a note and mortgage.

Not sure on how much it should cost?

All homeowners will receive a FREE Home Safety Survey on their home by one of our professional inspectors, who will help identify any concerns.