Royal Oak is being proactive in protecting its neighborhoods from blight with its Housing Improvement Program for people and families with smaller incomes.
The program provides financing for owner-occupied homes to maintain and improve their homes so they can help maintain the integrity of the city's neighborhoods. Low-interest or deferred loans of up to $40,000 are provided for code related improvements. Zero-percent loans do not require monthly payments but are due when the house is sold.
The idea is that by providing the loans to people with limited income will help keep homes from becoming a blight on the neighborhood. This will help maintain or increase the area's property values. For information, contact the city at (248) 246-3130.
Source: City of Royal Oak
Writer: Jon Zemke
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