Maplewood Invites Local Homeowners To Apply For No-Interest Home Repair Loans

MAPLEWOOD, NJ — Maplewood township officials are inviting local homeowners to participate in an affordable housing program that can provide up to $20,000 for home repairs.

According to a township news release, the program provides funds that can be used for roofs and foundations, heating and electrical, windows and insulation and plumbing. Applicants must own their own home and live in Maplewood to be eligible.

Eligible income limits are as follows:

• 1-person household - $50,744
• 2-person household - $57,993
• 3-person household – $65,242
• 4-person household – $72,492
• 5-person household – $78,291
• 6-person household – $84,090
• 7-person household – $89,890
• 8-person household – $95,689

There is no cost to apply for the program and it doesn’t affect a person’s credit score, town officials stated. Funds are provided as a no-interest, 10-year forgivable loan, and a professional inspector oversees the process. There is no monthly payment.

Interested applicants can submit an application online here. For more information, contact the township at (609) 664-2781.

File Photo: Julien Dumont, Flickr Commons