Home Repair Loans
Funding is available to qualified applicants who own and occupy a single-family residence located within the City of St. Petersburg municipal boundaries. Home repair loans provide the homeowner with the funds to remove health and safety risks from the home and to correct code violations to an owner-occupied residence. Examples include leaking roof, electrical hazards, plumbing and sanitary sewer issues and other threatening perils that are an immediate detriment to household occupants. Assistance is also available to identify and mitigate lead-based paint hazards.
Loan applicants must meet minimum credit underwriting guidelines and total gross household income is limited to the Median Family Income (MFI) limits, as defined by the U.S. Department of Housing and Urban Development and established specifically to the geographic area of St. Petersburg. For income limits adjusted to family size, View the Income Limits chart. Assistance is only available to homeowners whose house value does not exceed $253,000.
- 0% interest rate
- Affordable monthly payments based on household income and ability to pay
- 5, 10 or 15-year loan terms
- Loan forgiveness after 15 years of on-time monthly payments
Barrier Free Loans and Grants
Physically, visually or hearing impaired homeowners or renters may be eligible for financial assistance to construct and install ramps, grab bars, chair lifts, accessible counters, widened doorways, notification lights, buzzers and other supporting fixtures that render a home accessible for persons with disabilities. Assistance may be awarded in the form of a grant of up to $3,000. Assistance exceeding $3,000 is available as an interest-free loan of up $15,000 for a term of 5, 10 or 15 years.
Housing Assistance Available for Persons with Special Needs Brochure