The People's Budget
your voice, your choice
Create a program to administer 0% interest loans to medium-low income folks to perform necessary repairs and energy-efficient upgrades to their homes. Contractor costs have become incredibly expensive, making it very difficult for folks on fixed incomes to keep their homes warm/dry/cool, etc. Providing 0% interest loans will allow people to pay for these repairs over a 1-2 year period. This will allow folks to stay in their homes and provide relatives an opportunity to stay with them in a safe comfortable home.
This proposal has been accepted because:
Type of funding: Programs and services (non-capital)
Rough cost estimate: Between $2 million and $7.2 million
Evaluation notes:
✅ This idea could be implemented without changing current policy or law.
✅ This idea is within the City's jurisdiction.
✅ This idea doesn't name a specific vendor.
❌ This idea would incur costs indefinitely.
Justification: N/A
Other notes: The Office of Housing currently administers a home repair and weatherization program. Eligibility is based on income and amounts available and loan terms vary.
Thank you for sharing your idea. This idea and its evaluation have been forwarded to the budget delegates. They will use this information to group together similar ideas, narrow down options based on community needs, and develop fully detailed proposals for you and your community to vote on in October 2023.
Related meetings:
Your Voice is Your Power
We will be tabling at this event by Abundance of Hope, collecting ideas from the public!
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