In partnership with the City of Superior, One Roof has been awarded CDBG funds to assist moderate and low income households make needed improvements and emergency repairs to their homes. These rehab loans are deferred, 0% loans due on sale or during refinancing. These CDBG funds will help augment One Roof’s affordable lending program in the City of Superior.
“We are excited about our partnership with the City of Superior,” states Noah Hobbs, Lending Director at One Roof. “The CDBG funds offer homeowners opportunities to improve their homes, whether that’s adding energy-efficient windows, fixing roofs or addressing an unexpected repair.”
As a Duluth-based nonprofit organization, One Roof provides an array of affordable housing resources and opportunities for low-to-moderate income individuals and families. The organization leverages public, foundation and private funds to create permanently affordable housing and housing resources for residents of Duluth, Hermantown, Cloquet, Proctor, Two Harbors and now, with affordable loan resources for home-owners in the City of Superior.
One Roof is an Equal Housing Lender and a certified Community Development Financial Institution (CDFI). The organization provides affordable credit and financial services to people and communities underserved by mainstream commercial banks and lenders. For questions, please contact One Roof at 218-727-5372 or fill out an application at www.1roofhousing.org