901 Help Loan - LISC - Home Repair Loan

Address

PO Box 41619
Memphis, TN 38174

(901) 272-1122

www.uhinc.org

AKA:

Home Repair, Home Rehabilitation, Housing

Description:

The Memphis Homeowner Empowerment Loan Program (901 HELP) provides low-interest home repair loans between $5000 and $25,000 to low and moderate-income homeowners in the City of Memphis who meet eligibility requirements. 901 HELP equips Memphis homeowners to invest in their homes by providing 10-year, low-interest home repair loans.

What kinds of home repairs are eligible for this loan program?

If the home has health and safety hazards, those issues must be addressed first before other repairs can be made. The following are sample projects:

· Correcting health and safety hazards including removal of lead (required)

· Electrical repairs

· Furnace replacement

· Roof replacement

· Plumbing

· Energy efficiency upgrades

· Door and window replacements

· Porches and structural support

901 HELP is a partnership with the City of Memphis, Division of Housing and Community Development communities, Local Initiatives Support Corporation (LISC), a national nonprofit that helps revitalize low-income communities; and Regions Bank. It is designed to help homeowners address health and safety issues, while preserving wealth and revitalizing Memphis neighborhoods.

Hours:

Monday - Friday 8:00am - 4:30pm

Intake Process:

How can I apply? For an application and additional information, please visit: www.uhinc.org. You can also find printed copies at UHI (2750 Colony Park Dr., Memphis, TN 38118). Once you have completed the application, and gathered the required documentation as described on the website, contact UHI for an appointment; 901-272-1122 or LISC@uhinc.org. If necessary, UHI will assist you with filling out the form

Program Fees:

Yes, the homeowner is responsible for paying title search and recording fees. From time to time, there may be grant funds available to assist with these costs.

Eligibility:

Who can apply for the program?

· Homeowners must own and occupy their single family or duplex home located in the City of Memphis for at least twelve months prior to applying.

. Loans are available between $5,000 and $25,000 for Memphis homeowners who own and occupy their single-family homes.

. Homeowners who own duplexes are eligible if they live in one of the units.

· Homeowner!€™s insurance must be current, or a quote is required.

· Homeowner!€™s property taxes must be current, or homeowner must have an approved payment plan with the Shelby County Trustee and/or City of Memphis Treasurer.

· Homeowners may not currently be in bankruptcy. Bankruptcy must be discharged for at least one year to apply.

· Homeowners with a reverse mortgage are not eligible to apply.

· Total income for all residents living in the home cannot exceed the limits listed below

----------------

Income Eligibility

Household Size Annual Income Limit

Household Size Household Income Limit
1 Person $ 45,400
2 People $ 51,850
3 People $ 58,350
4 People $ 64,800
5 People $ 70,000
6 People $ 75,200
7 People $ 80,400
8 or More $ 85,550

Is Shelter?

No

Date of Official Change:

August 29, 2024

Address Listings

Mailing (Primary)

PO Box 41619
Memphis, TN 38174

Contacts

Application Assistance with United Housing

Primary Contact

(901) 272-1122

LISC@uhinc.org

Phone Numbers

Application Assistance

(901) 272-1122

Geography Served

    If a location is grayed out it means that only certain areas within it are covered. The areas with complete covereage are listed in black.

  • Tennessee
    • Shelby County
      • Federal Express
      • Hickory Hill
      • International Paper Co
      • Mem
      • Memphis
      • Memphis Light Gas And Water
      • Mphs
      • Natl Customer Support Ctr
      • Sharp Electronic Manufac
      • Suntrust Bank
      • University Of Memphis
      • University Of Tn
      • Univ Of Tn
Edit Service DetailsClick here to see this service (BH-3000.3550-360) and related services within the Service Tree.

Geography Served

    If a location is grayed out it means that only certain areas within it are covered. The areas with complete covereage are listed in black.

  • Tennessee
    • Shelby County
      • Federal Express
      • Hickory Hill
      • International Paper Co
      • Mem
      • Memphis
      • Memphis Light Gas And Water
      • Mphs
      • Natl Customer Support Ctr
      • Sharp Electronic Manufac
      • Suntrust Bank
      • University Of Memphis
      • University Of Tn
      • Univ Of Tn
Edit Service DetailsClick here to see this service (BH-3000.3550-390) and related services within the Service Tree.

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