Housing Loans and Grants
The City of Salem provides direct financial assistance to meet qualified persons with their housing needs through the following programs:
- Homebuyer Assistance Loan Program
- Single Family Housing Rehabilitation Loan Program
- Critical Home Repair Loan Program
For more information or to request an application, please contact staff at 503.588.6178.
Homebuyer Assistance Loan Program
The Homebuyer Assistance Program is designed to assist low to moderate-income individuals and families in overcoming the biggest barriers to homeownership: downpayment costs, closing costs, and loan fees. The City of Salem's Urban Development Department provides up to $14,000 towards the purchase of a home.
Loan terms and minimum requirements
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Single Family Housing Rehabilitation Loan Program
The Single Family Housing Rehabilitation Loan Program is designed to assist low to moderate-income individuals and families. To ensure that Salem’s homes are comfortable and safe, the Home Rehabilitation Program provides up to $30,000 for eligible repairs, as listed below, and up to $10,000 to mitigate lead-based paint hazards.
- Roofing
- Heating System
- Windows/Doors
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- Plumbing
- Electrical
- Lead-based Paint Hazards
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- Structural Repairs
- Mobility/Accessibility Modification
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Loan terms and minimum requirements
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Critical Repair Loan Program
The City of Salem’s Critical Repair Loan Program is intended to assist low to moderate-income homeowners with financing necessary to make critical and immediately needed repairs to their homes. The program provides homeowners up to $10,000 to make approved essential repairs and helps to preserve the City’s housing stock. Eligible improvements include:
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- Structural Repairs
- Mobility/Accessibility Modification
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Loan terms and minimum requirements
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