Home Improvement Loans

Emergency Grants

  • Grants up to $3,000 for income eligible clients for such items as: hot water heaters, insulated windows, furnaces

Home Rehab and Improvement Loans

  • Home improvement loans to Quincy homeowners who are eligible
  • Lower interest rate than conventional financing


MHFA Home Improvement Loans

  • Maximum loan amount is $25,000
  • Lower interest rate than conventional financing

EMERGENCY GRANTS MAY BE AVAILABLE FOR SMALL PROJECTS. PLEASE CONTACT US FOR EMERGENCY PROGRAM INFORMATION.
Please use our contact form for additional information and fund availability.

Type of Loan: Home Rehab and Improvement

Since 1981, NHS of the South Shore has offered a housing rehabilitation and loan program to homeowners. Once a request is made, household income is assessed. Construction manager then does a thorough inspection, work write-up, and cost estimate.

Loans are designed with varying interest rates and terms to meet the specific needs of the customer. There is a bidding process and the construction manager assists the owner throughout the rehab process. Funding for these loans comes from a variety of sources: Community Development Block Grant (CDBG), the Federal Department of Housing and Urban Development (HUD), the HOME program (a HUD funded program administered through the city of Quincy), Neighborhood Reinvestment, State funds, foundation grants and financial institutions.

Objective: To eliminate substandard living conditions and to do home improvement on single and multi family units. Grants funds must be used to address sanitary code violations, energy conservation goals and incipient violations.

Eligible Applicants: Owner-occupied households meeting low and moderate income guidelines (See chart below).

Lending Area: City of Quincy

Type of loan: MHFA Home Improvement Loan

Objective: To provide eligible owners of one- to four-unit owner-occupied properties with low-interest rate financing to make needed repairs to their homes.

Eligible Applicants: Owner-occupied one- to four-unit households meeting income guidelines (see "Program Income Limits" chart below)

Lending Area: All of Massachusetts

Loan Terms: The minimum loan amount is $2,500 and the maximum is $15,000. Depending on the loan amount the terms span between 6 months and 15 years with a low interest rate that is not fixed.

LOAN AMOUNT
TERM
$2,500
$5,000
5 years
$5,000
$10,000
10 years
$10,000
$15,000
15 years

Download the Home Repair Application pdf.