WATERFORD, MI – Qualified homeowners have until Dec. 31 to apply for up to $30,000 in state-funded interest-free loans to pay for delinquent property tax or help with their home mortgage payments to avoid foreclosure.
The loans are facilitated through the Oakland County Community & Home Improvement Division, which offers a variety of services and programs designed to keep families in their homes, including free confidential housing counseling from certified housing professionals.
“The holidays often compound financial challenges for residents who are struggling with unpaid property tax bills or are behind in their mortgage payments,” Oakland County Executive L. Brooks Patterson said. “There is help available. I urge you to contact one of the certified housing counselors at Community & Home Improvement to see how they can help.”
All Oakland County residents regardless of their income can take advantage of free counseling on a variety of housing issues. In the past year, more than 2,500 households used division services, with 98 percent of its foreclosure clients achieving positive outcomes.
Qualified homeowners may get up to $30,000 in loans to pay delinquent property tax or their mortgage. These interest-free loans are forgiven at a rate of 20 percent a year as long as the homeowner stays in the home. Division staff can answer questions and assist residents in filling out applications to be considered for a loan. Residents interested in making an appointment should call (248) 858-1891.
Community & Home Improvement, which is a division of the Department of Economic Development & Community Affairs, has helped residents with their housing needs and supported community development projects for more than 40 years.