Must have equity in the property equal to or greater than the loan or grant amount. Loans are offered at three p ercent interest over a 12-year period. Grants do not require repayment, provided the homeowner lives in the home for six years after the work is completed. I mprovements must be permanent. Such improvements include alteration or repairs to the property which correct defects or deficiencies in the property that affect the safety and habitability of the home.
Work can also include upgrading the home's energy efficiency.