Buying a home is one of life’s biggest decisions and financial investments. It can be intimidating for anyone. Fortunately, NHS of Greater Cleveland is here to provide education and assistance for homebuyers so they can confidently purchase homes that are affordable for the long term.
A recent study commissioned by NeighborWorks showed that homebuyers who work with our network organizations are one-third less likely to become 90 or more days delinquent during the first two years of homeownership than those who do not.
Since 1975, NHS of Greater Cleveland has offered a housing rehabilitation and loan program to homeowners. Loans are designed with varying interest rates and terms to meet the specific needs of the customer. There is a bidding process and the construction manager assists the owner throughout the rehab process. Funding for these loans comes from a variety of sources: Community Development Block Grant (CDBG), the Federal Department of Housing and Urban Development (HUD), the HOME program (a HUD funded program administered through the city of Quincy), NeighborWorks® America, State funds, foundation grants and financial institutions.
Objective: To eliminate substandard living conditions and to do home improvement on single and multi family units. Grants funds must be used to address sanitary code violations, energy conservation goals and incipient violations.
Learn more about services NHS of Greater Cleveland offers:
- Downpayment Assistance Programs: Available to qualified borrowers you are interested in purchasing homes in targeted areas.
- Home Rehab and Improvement Loans: Are available for eligible homeowners with competitive interest rates.
- Grant Programs: Grants for income eligible clients to be used for such items as: hot water heaters, roofs, furnaces, etc.
Contact me for Lending Information: