301 West Main Street, Owosso, Michigan 48867, Telephone: (989) 725-0599

Property Improvement Loans Available to City of Owosso Property Owners

Release Date: September 9, 2010

The City of Owosso Housing Program Office is pleased to announce a new partnership with Chemical Bank to offer MSHDA’s Property Improvement Program to property owners in the city. The Property Improvement Program offers low-interest loans to both single-family homeowners and landlords to repair, improve or rehabilitate their properties.

Single family homeowners with an annual household income of up to $74,750 and landlords with rental properties of 1 to 11 units may be eligible to apply. In order to qualify for Property Improvement loans borrowers must have a minimum credit score of at least 620. (Higher loan amounts will require a higher credit score of 660.)

Eligible improvements must substantially protect or improve the basic livability or utility of the property. Examples of eligible improvements include but are not limited to the following:

Roof repair or replacement;

Insulation, siding, window replacement, and other improvements that increase the energy efficiency of the property;

Central air conditioning and furnace replacement;

Kitchen and bathroom remodeling;

Permanently installed carpeting (wall-to-wall) and built-in kitchen appliances

Ramp installation;

Attic and basement finishing;

Upgrading electrical wiring;

Building an addition;

Walkway and driveway installation;

Lead paint hazard remediation;

Garage repair and construction (not to exceed 800 square feet in area). Carports are also allowed;

Decks and gazebos that are NOT for hot tub use or around a swimming pool;

Fences (chain link, brick, wood, iron).

Many other home improvements may be eligible, interested property owners should contact the City of Owosso Housing Program Office for an application or additional information at (989) 725-0537.

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Property Improvement Loans Available to City of Owosso Property Owners

City of Owosso 301 W. Main Street Owosso, MI 48867 (989) 725-0599 All information © 2011 Owosso, MI Site Usage Policy

City of Owosso
301 W. Main Street
Owosso, MI 48867
(989) 725-0599
All information © 2011 Owosso, MI
Site Usage Policy