Loans


Do you need help financing your remodeling project?

The Richfield HRA/EDA have three loans available for homeowners as they undertake remodeling projects:
  • Fix Up Loan - for smaller projects, borrow up to $50,000 at a low interest rate.
  • Transformation Home Loan - for larger transformative projects, valued at $50,000 or more in cost. 
  • Deferred Loan - for health, safety or maintenance projects for low and moderate-income households. Income limits apply.

Do you already have a Richfield loan and are interested in refinancing? Check our our policy on loan subordinations.