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St. Louis Sustainable Neighborhoods
(Includes Parts of Kirkwood)
Home Improvement Loan Program

Four local banks (First Bank, Firstar, Commerce Bank and UMB Bank), in partnership with the Missouri Housing Development Commission (MHDC), St. Louis City, St. Louis County and the Regional Housing and Community Development Alliance (RHCDA), are offering a home improvement loan product to encourage homeowners in designated areas to make repairs and improvements that will benefit themselves and their neighborhoods.

Any household that meets the program guidelines may be eligible for a below-market interest rate loan with low monthly payments for interior and exterior home improvements.

First priority for repairs should include correcting any building code violations and correcting safety concerns.  Excluded are items such as swimming pools, jacuzzis, or complete room additions.

General Requirements

• Must be used for improvements not yet started
• Property must be owner-occupied, single family or owner-occupied of 2-family residence
• Property must be in St. Louis City or a listed census tract in St. Louis County

(see map for areas in Kirkwood – Census Track 2183 2186, 2210)

• You must have good credit history and have the ability to repay the loan
• Not available for refinance

Income Qualifications

• Household income cannot exceed 150% of statewide median – (as of 8/1/02 - $79,200)

Program Highlights

• Below market interest rate
• Maximum loan amount $25,000
• Attractive repayment terms
• Maximum Loan-to-Value 100%

How to Apply

• Call for appointment
• Required at time of application

1)   1)      Most recent pay stub and tax return

      2)      Copy of most recent real estate tax receipt

      3)      Copy of general warranty deed

      4)      Proof of homeowners insurance

      5)      Copy of contractor’s bids for repairs and improvements

For more information or to apply call:

First Bank 888-562-6556

Firstar 418-2504

Commerce Bank 746-8787

UMB Bank 621-1000

Coordinator Rick Bonasch, Regional Housing and Community Development Alliance (RHCDA) 314-333-7007

In partnership with:

City of St. Louis

St. Louis County

Missouri Housing Development Commission

Regional Housing and Community Development Alliance

Sustainable Neighborhoods Initiative