USDA offers low interest home repair loans
CHAMPAIGN — Help is available for homeowners who have suffered damages due to the recent flooding that have limited resources with which to make repairs. USDA Rural Development can make 1 percent home repair loans to eligible homeowners with modest incomes.
“We are concerned that homeowners in many Illinois counties have had damage to homes as the result of flooding,” said Illinois Rural Development Director Colleen Callahan. “As water recedes and the threatening conditions pass, we encourage homeowners needing financial help with repairs to give us a call.”
Funds can be used for a wide range of home repairs when losses are not covered by hazard or flood insurance or when FEMA assistance is not available, including plumbing, electrical, flooring, and foundation problems. Funding can also be used for repairs or replacement of damaged heating and air conditioning systems, roofs, windows and siding.
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