Provo City’s Redevelopment Agency is offering loans and grants to qualifying low to moderate-income Provo residents for safe bedroom window upgrades.
A lot of Provo homes were built at a time when all a bedroom needed was a window to pass safety regulations. Now, code requires all bedroom windows to be big enough to climb through. Basements and all sleeping rooms must have at least one opening, either a window or exterior door, for escape or rescue, also referred to as egress, in case of fire or other emergency.
Here are the conditions to qualify for a loan or grant from the Provo City Redevelopment Agency:
Single-family residential property within Provo City limits
Within HUD income limits (click here)
0% deferred loan. No payment is due as long as the applicant continues to own and live in the home as their primary residence.
On the anniversary date of the 3rd year, 1/3 of the loan could be forgiven, and then an additional 1/3 each year thereafter.
On the anniversary of the 5th year, if the borrower still occupies the property, the loan could be completely forgiven.
If the home is sold or no longer owner occupied within the first two years of the loan, a penalty of 50% of the loan balance will be added to the original balance.
For more detailed information, visit the website here. You can find a brochure, program guidelines, and download the application.