What is it??
Low-interest loans to help you address much-needed home repairs. These loans are provided on a first come, first serve basis to those who apply and live within a designated area of Elk River. See map below.
Sample Project Budget:
Vinyl Siding: $7,000
Aluminum soffit & fascia $1,500
Energy Efficient vinyl windows $9,000
Energy Efficient furnace $3,800
TOTAL PROJECT COST $21,300
With a sample budget of $21,300 you can choose a term of 5, 10 or 15 years. See the payment calculator on the right!
Roofing, Siding, Windows & Doors
HVAC, Electrical & Plumbing
Basement Finishing, Additions & Landscaping
Energy Efficiency + MORE
15 year term @ current prime rate
$162.94 monthly payments
$8,029.84 total interest paid
10 year term @ 1% below prime rate
$210.63 monthly payment
$3,975.23 total interest paid
*The maximum loan amount possible is $25,000
For more information about the Small Cities Development Program,
please call Ed Zimny at 320.258.0673 or email firstname.lastname@example.org.