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14 - REPAIR LOAN PROGRAM
City-of-Paris
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06/27/2016
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14 - REPAIR LOAN PROGRAM
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DOWNTOWN LOANS FOR REPAIRS: APPLICATION <br />PARTICIPATION <br />To qualify for a loan, a property must be: <br />• a primary structure, either residential or non - residential; <br />• compliant with current zoning; <br />• within the city's Historic District 1 (Downtown) or 2 (Church Street); and <br />• a deteriorated, but salvageable, structure. <br />The client must: <br />• be the owner of the structure; <br />• be current on his /her taxes; and <br />• have no code liens on the property. <br />REPAIRS: All repairs must be NECESSARY. <br />Check the type(s) of repair planned: <br />Roof repairs <br />Enclose holes in exterior walls <br />Repair and replace windows <br />Accessibility compliance <br />Install and /or repair of fire sprinklering systems <br />_ Other fire safety <br />_ Electrical repairs and upgrades <br />Gas repairs and upgrades <br />Abate /remediate asbestos <br />LOANS: All loans are made by participating financial institutions; the City of Paris does not issue or <br />approve any loan. The city only certifies eligibility. Applicants must apply directly to a participating <br />financial institution following certification by the city. <br />What is the expected cost of your planned repairs? <br />Preferred financial institution (if any): <br />First Federal Community Bank <br />Liberty National <br />Lamar National <br />_ Guaranty Bond <br />
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