Thursday, January 20, 2011

Housing Program Sought

The cities of International Falls and Littlefork are combining efforts to seek funds that will help low to moderate income families get their homes repaired.

Scott Zahorik of Kootasca Community Action says the $445-thousand from the Minnesota Department of Employment and Economic Development to help about 18 families.


"They're called differed loans," says Zahorik. "They're zero per cent interest loans, 10 year loans. They're forgiven 10 per cent per year as long as the occupant remains in the house and the house doesn't change hands."


The two cities teamed up in 2008 on a similar program, acquiring $334-thousand for repairs to 17 homes.