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It is low interest equity loan program for homeowners in central city Toledo, including the Cherry Legacy neighborhood, to make infrastructure improvements and vital repairs to their homes.
No, all funds are paid directly to the contractors doing the work.
Repairs that are attached to the home. Roof replacement and repair; gutter replacement and repair; foundation & tuck work; waterproofing; window repair and replacement; floor repairs, insulation, siding installation, home rehabilitation, modernization, and renovation.
To start the process, NO. However, borrowers will need to become a member prior to closing on the loan.
No, however, Toledo Urban Federal Credit Union will look at the borrower’s full picture to make a determination on approval and amounts.
Yes, borrower must own the home and the home must be owner occupied.
Central City Toledo and Cherry Legacy– 43602, 04, 06, 07, 08, 09, 10, 20,
30-60 days application to finish
The program will accept borrowers with up to 120% AMI (Area Median Income)
The program allows you to borrow a maximum $20,000.
Warren Fleer or Monique Chapman
Toledo Urban Federal Credit Union
1441 Dorr Street
Toledo, Ohio 43607
419.255.8876
Loans@ToledoUrban.net Reference “Home Revitalization” in the subject line
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