TOWN OF BABYLON
HOME IMPROVEMENT PROGRAM
The Town of Babylon Home Improvement Program provides no-interest, deferred payment loans to qualified low and moderate-income to three homeowners in the Town of Babylon.
The purpose of the loan is to improve housing conditions and correct housing code violations by repairing and rehabilitating health and safety hazards. The maximum loan is up to $50,000 to correct substandard housing code violations and an additional $15,000 lead abatement. There is no interest. Payment of the loan is deferred until the property is sold, the title is transferred or the home is refinanced for cash out. Monthly payments are not required. The loan is secured by a mortgage placed against the property. Please be aware that refinancing your mortgage requires a subordination review by the Community Development Program or payback of funds, and home equity loans are not permitted.
Applications are being accepted on a first-come, first-served basis until funding has been exhausted..
When completing the application online, you must have a unique email address. You are required to provide all the documents that are listed in the "Required Document Checklist" that is included with the online application, and also provided in a printable listing at the bottom of this page. All supporting documents must be scanned and uploaded directly into your online application.
This program is available on a first-come, first-served basis.
NOTE: The application is not complete until
all your documents have been submitted!
Applications will be accepted until 5 pm on April 12, 2024
TO COMPLETE APPLICATION ONLINE:
Click here to complete your online Application (Program Guidelines will be displayed as first part of online Application process)
TO VIEW OR PRINT COPY OF PROGRAM GUIDELINES:TO VIEW OR PRINT COPY OF REQUIRED DOCUMENT CHECKLIST: