Historical February–March 2003 article. Dates, prices, services and contacts describe the source period; current availability has not been established.
Effective immediately, the interest rate on home improvement loans available throughout the Sustainable Neighborhoods Home Improvement Loan program has been reduced to a 5% annual percentage rate.
The new rate will apply to all future loans and applications currently in progress.
The program offers home improvement loans up to $25,000 with as much as ten years to repay.
The Sustainable Neighborhoods Home Improvement Loan program is a partnership between the Regional Housing and Community Development Alliance, the Missouri Housing Development Commission, St. Louis City, St. Louis County, and four St. Louis banks created to provide targeted below-market interest rate home improvement loans in low to moderate income communities.
The program is funded through June 2003. Owner-occupied, one and twofamily properties in all of St. Louis City qualify for this program, with a maximum household eligible income of $79,200 regardless of family size. Applications are available by contacting UMB Bank at (314) 621- 1000, Commerce Bank at (314) 746-8787, US Bank at (314) 418-2504, and First Bank at (314) 592-8000. For additional information, contact Rick Bonasch, Director of Technical Assistance, Regional Housing and Community Development Alliance at (314) 333-7007.
Originally published in The Times of Skinker-DeBaliviere, February–March 2003.
Read this article in the original newspaper issue.
Original source: SD_Times2003_02.pdf, printed page(s) 8; PDF page(s) 8.
