What are home improvement loans and grant interventions?
Home improvement loan and grant programs provide funding for low-income families to repair their homes, make improvements, and remove health and safety hazards. These programs can be one part of a broader home or housing improvement initiative or focused on specific issues such as heating and insulation, lead, or mold. The purpose of the intervention is to enable low-income homeowners to improve the safety and habitability of their homes.
These home improvement loan and grant programs can be implemented at the local, state, or federal levels. Examples of states using these types of programs include Maryland and Minnesota. Maryland’s Department of Housing and Community Development administers the EmPOWER Low Income Energy Efficiency Program, which assists low-income homeowners in making household improvements that reduce energy use and may improve air quality. Minnesota’s Housing Finance Agency administers a Rehabilitation Loan/Emergency