Many of you will be paying off the loan portion of the John Gray Opportunity Program this fiscal year and next and we have a lot of funds available- waiting to help you build your next home or complete your next repair! Use funds from our Revolving Loan Program to help you meet the funding gap for building your homes or doing much needed repair to homes.
As many of you already know, Habitat Oregon operates a Revolving Loan Program with two separate 0% interest loan opportunities, one for home repairs and one for home builds. We recently made some changes to the program that allow your affiliate to borrow as much as $30,000 without securing the loan. Each year your affiliate can borrow a maximum of two $25,000 loans from the Habitat Oregon Fund, and a maximum of $15,000 from the Home Repair Fund.
Each loan requires that you pay a 5% administrative fee up front and repayments are automatically withdrawn from your account beginning three months after the loan is dispersed. Please refer to the attached loan applications for complete information on each loan. The applications thoroughly describe policy guidelines for both programs, the application process, and security requirements (if applicable).
We look forward to seeing your application!
Click here to learn about the application process and download the Habitat Oregon Revolving Loan Fund Application