Pasadena : Home Improvement Loans
Low-interest home improvement loans of up to $20,000 will be available to low-income homeowners under a program approved by the City Council on Tuesday.
Under the Home Improvement Loan Program, Pasadena will receive $300,000 in state money to issue 15-year loans for the next three years at rates of 3%, 6% and 8.5%.
The city will pay $65,625 to participate in the program. Money for the loans will come through the sale of bonds to be paid back by the homeowners who receive the loans.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
