How will my improvements be funded

Funding assistance is provided in the form of a non-interest bearing and deferred payment loan to cover the cost of eligible rehabilitation. Repayment of the loan shall be secured by a lien on the property and does not have to be paid until the sale or transfer of the property. Only homes that have an appraised value exceeding the amount of any prior mortgages and an  additional lien for the cost of repairs will be considered for participation in this program.

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1. What happens once I am approved?
2. How will my improvements be funded
3. What happens if I am deemed ineligible