Residential Exterior Housing Improvement Loan Program

The City of Troy’s Residential Exterior Housing Loan Program provides funding to repair owner-occupied single-family homes in the City of Troy. The goal of the program is to improve the housing stock in the City that in turn stabilizes and/or increases home values. 

Eligibility Criteria

  • Must own a home inside the City Limits of Troy and reside in the home as the primary residence (Rental properties are not eligible for assistance);
  • The home must be a single-family dwelling unit and be at least 15 years old;
  • Applicant must reside in the home for a minimum of two-years prior to applying;
  • Must be current with your property taxes, mortgage, City Utility Bills and Income taxes, or become current prior to application approval (including being approved for a payment plan by the County Auditor);
  • Must have Homeowner Insurance;
  • Must agree to use the property in a lawful manner with regard to all City of Troy Codified Ordinances including but not limited to, the City’s Property Maintenance Code and Zoning Code;
  • Must maintain the structure and premises in a decent, safe and sanitary condition, pursuant to all applicable codes and ordinances of the City;
  • May not have received assistance more than once in a 10-year period (does not apply to properties in which there is a bona fide emergency condition)

Eligible Exterior Repairs

  • Roofs, Downspouts, Gutters
  • Siding / Paint
  • Windows / Exterior Doors
  • Porch repairs 
  • Exterior Brick – Tuck pointing
  • Chimney repair
  • Foundation
  • ADA Ramps
  • Detached Garages (demolition, paint, siding, windows, garage door) 

For more information, see the program overview: Residential Exterior Housing Improvement Loan Program Overview