Historical September 1985 report or notice. Original dates, prices and contacts describe the source period; current availability has not been established.
Low interest loans are now available to qualifying homeowners in many areas of the City of St. Louis to replace collapsed sewer lines, Neighborhood Housing Services announced today.
A collapsing sewer line frequently represents an unexpected—and large—expense for the homeowner.
For the first time there is affordable financing available to the low and moderate income homeowner for this work. Working with the Plumbing Division of the City of St. Louis, Neighborhood Housing Services will insure that a licensed plumber does the work and will arrange for reinspection prior to payment.
The Neighborhood Housing Services Code Enforcement Revolving Loan Program is funded by the City of St. Louis in conjunction with “Operation Impact,” the anti-blight effort being implemented in many St. Louis neighborhoods. Loans are at 6% interest and can be repaid over a four-year period.
According to Program Director Jo Ann Vatcha, low interest loans made through this two year-old program topped One Million Dollars in May.
Because it is a revolving loan program, new funds are added each month as repayments are made.
The revolving loan program provides a resource to assist eligible homeowners in making their best efforts to maintain their property. Other eligible repairs which may be financed through the revolving loan program include: painting, porches, concrete work, tuckpointing, guttering, garage demolition or repairs, carpentry work, roofs, new doors and windows, storm windows, fences, and other code-related work.
For more information about how to qualify for a low-interest home repair loan, call Neighborhood’ Housing Services at 664-1000.
Originally published in The Times of Skinker-DeBaliviere, September 1985.
Read this article in the original newspaper issue.
Original source: SD_Times1985_09.pdf, printed page(s) 4; PDF page(s) 4.
