RiseMagazine | Sarasota

The Premier Lifestyle Magazine of Florida's Black Communities

Interest Free Home Repair Loans Available

Zero percent deferred home repair loans are now available for eligible homeowners through the Sarasota Office of Housing and Community Development. The program allows income eligible homeowners to improve their home by making necessary repairs such as a new roof, air conditioning, roof, windows, doors and more.

No monthly payment is required. The loan will be repaid when the home is sold, no longer owner occupied, or in 30 years, whichever comes first. The maximum loan amount is $60,000.

Individuals must meet the following criteria to be eligible for the program:

Home value cannot exceed $272,195
Income must fall within program guidelines:

  • One person household: maximum income – $33,550
  • Two person household: maximum income – $38,350
  • Four person household: maximum income – $47,900

Property must be owner occupied and located within Sarasota County
Must be current with property taxes

For more information, visit http://www.ohcd.sarasotagov.com or contact:
Jane Hindall, Sarasota Office of Housing and Community Development Program Manager: 941-951-3640.

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