Grants directory
Home Improvement Linked Deposit Program
Ohio Treasurer of State · State program
Reduced-rate loan; amount limit not stated in the reviewed statute.
Ohio’s Home Improvement Linked Deposit Program helps qualifying homeowners get reduced-rate loans to improve, maintain, or restore an existing homestead. The state uses linked deposits to make the loan rate cheaper, but the law does not state a dollar cap.
Program details
How it works
Ohio law says the state’s public policy is to create availability of reduced-rate loans through the home improvement linked deposit program so homeowners can improve, maintain, or restore an existing homestead. The program works through eligible lending institutions that can make residential or secured or unsecured personal loans.
What the money covers
The loan must be used exclusively to improve, maintain, or restore the borrower’s existing homestead. The statute is broad and does not list specific eligible projects in the text reviewed.
Amounts and matching
The reviewed statute does not give a maximum loan amount, fixed interest rate, or matching requirement. It does require the borrower to submit official estimates or receipts for the total amount of the loan.
How to apply
The borrower must certify on the loan application that the reduced-rate loan will be used only for the homestead improvement purpose. The loan application must include official estimates or receipts.
Timing and deadlines
The reviewed statute does not state an application window or deadline.
Full eligibility details
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