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Euclid staff outline expanded home-repair aid, low-interest Edcor loans and new rehab grant
Summary
City staff reported furnace inspections, Edcor low-interest loans, an exterior paint RFP and plans to launch a flexible home-improvement rehabilitation grant in May or June 2025, with a proposed 25/75 loan-grant split and administrative waiver authority for very low-income households.
Community development staff told the Euclid Citizens Advisory Committee on April 10 that the city is expanding home-repair assistance, using low-interest loans through Edcor and preparing a new home improvement rehabilitation grant to launch in late spring or early summer.
The staff member said the department completed 11 furnace inspections so far this year, which resulted in three furnaces being repaired or replaced, and that Edcor has received and approved four loan applications and has four projects underway. “The average loan is anywhere between, 5,000 up to $15,000,” the staff member said.
The new rehabilitation grant will be modeled on Lakewood’s and Mentor’s programs and will operate alongside Edcor’s low-interest home repair loan product. Staff outlined a proposed financing split in which borrowers would…
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