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Home Rehabilitation Loan Program

One of our South Buffalo focused programs, Home Rehabilitation Loans are available to homeowners who need major repairs but can't pay for it right away.

This program is especially intended for major systems of the house (roof, heating, electrical, plumbing, etc.) and fixing code violations. Loan money will be used for code violations first, then major systems. It cannot be used for cosmetic projects such as putting in carpet or replacing linoleum tiles.

To apply, call 716.823.3630


  • You must earn less than 80% of area median income
  • The building must be owner-occupied
  • Loans can be up to $15,000
  • Interest rates range from 1-5%

Eligible Borrowers
  • Loans are restricted to owner-occupied residential (1-4 family) properties.
  • Household income must be at or below 80% of the area median income. For more information on current household size and relative annual income limits for that size, please visit our Facebook or Tumblr sites.

Eligible Propertie

  • Properties must be located within the NHS of South Buffalo service area. [MAP]
  • Properties are typically one to four family residences.
  • Eligible Use of Funds
  • A wide variety of rehabilitation, repair, home improvement, and home ownership needs are eligible. These may include:
  • Correction of city code or incipient code violations;
  • Repair or replacement of mechanical or structural systems;
  • Energy conservation improvements (also see our weatherization program);
  • Functional obsolescence (i.e. outdated fuses or other equipment);
  • Functional "remodeling" of kitchens, baths, basements, etc. (i.e. repair leaks);
  • Functional landscaping, when related to other rehab work;
  • Restoration of unique architectural details.
  • Closing costs and fees are not financed.
  • Loan Terms
  • The maximum amount of the owner's mortgage shall not exceed $15,000.
  • The maximum term of the owner's mortgage shall generally not exceed 30 years.
  • The maximum term of the loan is 120 months (10 years).
  • The interest rate will be calculated on a simple interest, periodic basis. Interest rates may range from 1% to the market rate.
  • All loans exceeding $1,000 shall be secured by a mortgage.
  • If the CLTV (Combined Loan to Value Ratio) of all secured loans and the proposed mortgage is 80% or less, mortgage will generally be considered in any position.
  • First mortgages are not to exceed 80% Loan to Value (LTV).
  • Second mortgages, when the outstanding balance of the first and second mortgages do not exceed 80% LTV.
  • Types of Loans
  • The loan committee will consider, but is not limited to, the following types of loans:
  • Fully amortized loans using various interest rates and terms.
  • NHS of South Buffalo loan combined with a loan and/or grant from a public agency.
  • Any combination of the above.
  • Other
  • There is a $300 application fee charged once you qualify for the loan.
  • Once qualified, the loan must still be approved by the loan committee.
  • Loan funds and outstanding mortgages combined cannot exceed 80% of the assessed value of the house.
  • Homeowners may apply for loans as needed, there is no maximum to how many times you may receive loans.
  • Did you know?

    This program is called a "revolving loan" because the loan payments all go right back into the loan fund and create the possibility for even more loans. So the money goes out and comes right back in, like a revolving door.


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