Alton seeks to stem the tide by providing forgivable loans for dwelling repairs | Politics
“One of many greatest limitations to dwelling possession is making an attempt to save lots of for a down fee,” Caffey mentioned. “So we will take away this barrier and it ought to result in a rise in dwelling possession.”
To this point, Alton has helped 30 owners full repairs at a price of $ 263,000. The Dwelling Possession Program has had a better impression – a complete of $ 567,000 has been spent since 2013 to assist 189 homebuyers with their down fee.
“We measure success by the flexibility to resolve recognized code gaps and life and questions of safety,” Caffey mentioned.
As soon as Relford was accredited for a grant throughout city, she had her home rewired and now her granddaughter can plug in her video games console. The kitchen has been redone – a knocked down wall, a brand new bar counter constructed, granite counters put in with a sink. A brand new balustrade has been added to make it safer to climb the entrance steps of the home. Most significantly, Relford acquired a brand new heating and air con system.
“My mouth is large in the case of sharing excellent news,” Relford mentioned. “If I benefited from it, the following particular person can most likely do higher than me. … I believe this actually motivates you to do higher. I am not going to depart any dishes on this stunning chrome steel sink.
A part of the hope, Caffey mentioned, is that having prettier houses will encourage folks to maintain complete neighborhoods in good restore, though the grants program prioritizes repairs that may enhance first. the safety of a house.