Financing Terms

The Better Homes Hamilton (BHH) program is intended to provide access to low-interest, fixed-rate loans to serve as the capital required to complete the upgrades. The loan is placed on the property as a special charge and then collected the same way property taxes are collected. This allows individuals or families to qualify that may not be able to qualify for traditional financing through other financial institutions.

The key elements of the financing including:

Loan Amount: Up to a maximum of $20,000.00 per property

Interest Rate: 0% introductory rate offered for the length of the repayment term

Repayment Term: 10 to 15 years (dependent on loan amount and agreement) paid through regular property tax payments.