Home Improvement Loan
Program
The City's
Home Improvement Loan Program provides low-interest/no-interest loans to low and
moderate income City residents.
- Recipients must be owners and occupants of single-family or
two-family dwellings.
- Income eligibility for a loan: maximum gross income as
follows: 1 person household, $36,800; 2 persons, $42,200; 3 persons, $47,450; 4
persons, $52,700; 5 persons, $56,950; 6 persons, $62,500.
- Interest rate: 3% for ten years or 0% deferred payment loan.
- No interest loan available to qualified homeowners at 0%;
repayable when property ownership is transferred.
- To qualify for 0% loan, either: (1) Household expenses (mortgage,
real estate taxes, home insurance, utilities not including telephone) are more
than 30% of gross; or (2) income is at or below 50% of median family income.
- All work or repairs to be approved by a City Building Inspector.
Some Qualified Repairs Include:
- General exterior maintenance
- Repair or replacement of deteriorated water
heater and/or furnace & air-conditioner.
- Replacement of roof
- Upgrading of electrical system
- Upgrading of plumbing system
- Window replacement
- Siding replacement
-
Insulations and weatherization
- Foundation repair/water proofing
- Handicap
accessibility
- Repair and replacement of deteriorated driveway and sidewalks
-
Lead, mold and radon abatement and containment
- Priority is given to repair housing conditions which represent
an accessibility barrier and/or immediate hazard to the health and/or safety of the occupants or public.
It is declared by Ordinance § 94.01, Policy of the City
of St. Charles to assure equal opportunity to all persons, and is unlawful to
discriminate against anyone based on race, color, creed, religion, ancestry or
national original, familiar status, age, gender, and income or handicap status
TO APPLY FOR A LOAN
Please provide the following items to the Home Improvement Loan Program at the
Department of Community Development (Planning Division) on the Third Floor of
City Hall, 200 North Second Street, Suite 303, St. Charles, MO, telephone (636)
949-3222:
- *Completed application
- List of items needing repair
- Proof of income for
all occupants
- Certified/recorded deed
- Monthly mortgage payment
- Previous twelve months utility bills
- Proof that homeowner insurance real estate taxes are paid to date.
*Click here to view/print application.
Accommodations will be made available to anyone who may
need assistance with this application process.
To request assistance, call Anita Telkamp, Grants &
Budget Coordinator 636\949-3224.