The Community Home Improvement Program (CHIP) provides low interest 
loans for eligible borrowers to improve or repair the borrower's present single family home.
loans for eligible borrowers to improve or repair the borrower's present single family home. The interest rates for CHIP Loans are 1.9%, 3.9% and 5.9%. The interest rate you qualify for depends on the county in which the home is located and the total gross annual household income. CHIP Loans have level monthly payments and terms up to seven (7) years. The loan amounts range between $500 and $15,000.
There are no loan-to-value requirements and minimal costs associated with obtaining a CHIP Loan.
Examples of Eligible Repairs/Improvements
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Additions |
Driveways |
Kitchen Cabinets |
Siding |
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Air Conditioning |
Fencing |
Painting |
Termite Control |
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Alterations |
Flooring |
Plastering |
Wall Paper |
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Conversions |
Foundations |
Plumbing |
Windows |
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Decks |
Heating |
Roofing |
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Doors |
Insulation |
Sidewalks |
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Examples of Ineligible Repairs/Improvements
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Appliances |
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Furniture |
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Sprinkler Systems |
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Hot Tubs |
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Landscaping |
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How to Apply
Contact one of SDHDA's CHIP Participating Lenders for an application and interview.
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