Green partnering with Cleveland Restoration Society to offer information on home loans

3/19/2015 - South Side Leader

GREEN The City of Green is partnering with the Cleveland Restoration Societys (CRS) Heritage Home Program to offer free technical advice and low-interest loans to homeowners in Green looking to make renovations and repairs to older homes.

City officials will host an informational meeting to present more details about the Heritage Home Program March 26 at 6:30 p.m. at the Central Administration Building, 1755 Town Park Blvd.

According to city officials, through the CRS, the Heritage Home Program offers free technical assistance and advice to homeowners whose homes are more than 40 years old. CRS officials will evaluate any home that qualifies, offer suggestions on which repairs should be made and answer questions about home repair concerns.

According to city officials, in addition to the free evaluations, the Heritage Home Program also offers low-interest loans through KeyBank. The interest rate on these loans is a fixed rate of 2 percent for up to 10 years. Loans are available for interior as well as exterior repairs, maintenance, additions and modernizations. The Heritage Home Loan Program is based on the equity in the home. An After-Rehabilitation Loan product also is available. There are no out-of-pocket costs for the loan, no closing cost and no points, and interest paid from the loan is tax deductible, according to city officials.

The City of Green is one of only two cities in Summit County to offer the Heritage Home Program to its residents, according to city of officials.

For more information about Greens Heritage Home Program and the criteria, visit http://www.cityofgreen.org or call 330-896-6614.

To learn more about CRS, visit http://www.clevelandrestoration.org.

GREEN The City of Green Parks and Recreation Division and the Green Arts Council are accepting applications from artists wishing to participate in art-A-palooza, which will take place Aug. 22 at Boettler Park, 5300 Massillon Road.

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Green partnering with Cleveland Restoration Society to offer information on home loans