The City of Boston-SEIU Local 888 Housing Trust will provide members with up to a maximum of $5,000 to pay for home improvement related expenses. The Home Improvement funds will be in the form of a 0% interest loan up to a maximum of $5,000.
|Home Improvement Application:
|I.||Explanation of Benefit|
This benefit is designed to pay for housing related home improvements, which may include but are not limited to: kitchen updates, bathroom updates, flooring, masonry, carpentry, painting, windows (repair or replace), electrical work, plumbing, roofing, HVAC repair, replacement of boilers/furnaces/radiators, fencing and tree removal. Items not included on the above list will be considered on a case by case basis. Items determined to be “luxury” in nature will not be approved. Documentation of the housing related home improvements will be required at the time of the application and may include repair estimates, work proposals and/or invoices.
Any applicant who submits an estimate as the basis of requesting a Home Improvement loan will be required to submit proof of payment upon completion of the home improvement outlined in the Application. Failure to submit proof of payment prohibits the applicant from receiving any future benefits from the Housing Trust, until such time as the proof of payment has been submitted.
If the submitted estimate includes proof of a down payment, then upon completion of the home improvement, the member must submit proof that the difference between the down payment and total amount owed has been paid. Failure to do so will result in the member being ineligible to receive any future benefit from the Housing Trust until such time time as the proof of payment for the difference between the down payment and total amount has been submitted.
You may be eligible for other home repair programs through the City of Boston. More information can be found at www.thebostonhomecenter.com
|a)||Member must be part of one of the following departments:|
|b)||SEIU Local 888 member must be in good standing for one year.|
|c)||Must occupy the home you own within the City of Boston.|
|d)||Application must be submitted within 90 days of the home repair.|
|e)||You must be a member in good standing with the credit union and with no outstanding Housing Trust loan.|
|f)||Homeowners can qualify for home improvement funds to cover housing related expenses. Homeowners who have been awarded any Trust, excluding Fuel Assistance, must wait one (1) full year from the date of their receipt of said benefit before they are eligible to apply for the home improvement funds. Exceptions to the one year period may be made upon approval of the Trustees, provided that funds are available.|
|g)||The maximum amount of funding (for those who qualify) depends on program funding and may change monthly.|
|III.||Loan Application Process|
|a)||As a first step, member must secure an application form, which is available at the Union Hall or can be downloaded from www.SEIU888.org/htf/.|
|b)||Member completes the application form.|
|c)||Member submits application by:|
|d)||The Trust Program Administrator reviews the application for completeness and forwards the application and letter of good standing to the Trustees.|
|e)||The Trustees review the application upon receipt of a complete, accurate application along with any necessary supporting documentation. Depending on the type of assistance you are requesting, it may take approximately 4 to 8 weeks for funds to be made available.|
|f)||Inaccurate, incomplete applications, or missing supporting documentation, may result in denial of application.|
|g)||If the application is not approved, the Trustees inform the member in writing of the reasons the application was denied.|
|The following only applies for approved applications:|
|h)||If the application is approved, the Trustees will issue a Determination of Eligibility letter to the member. A copy of this letter will be sent to the Credit Union by the Trust.|
|i)||The LOAN of $5,000 maximum will be disbursed by the Credit Union to the member. Visit any Credit Union location to complete your loan.|
|Once approved, if the member belongs to the Credit Union, he/she will complete the Credit Union application. If the member does not belong to the Credit Union, he/she must join. There is a $25 minimum balance requirement. The Credit Union will work with the member to develop a repayment plan and the member will arrange for a payroll deduction to repay the loan. The check is issued by the Credit Union, payable to the member.|
|a)||The Home Improvement Assistance funds will be in the form of 0% interest loan up to a maximum of $5,000.|
|b)||The loan must be repaid within three (3) years. However, the Credit Union may recommend extending the repayment period beyond the three (3) years based upon the applicant’s ability to repay.|
|c)||The SEIU member agrees to repay the loan in its entirety regardless of his/her employment status with the City of Boston.|
|d)||All loans become due and payable if the member leaves SEIU Local 888 and/or leaves City of Boston employment.|
|e)||Default of this loan prohibits the undersigned from receiving any other benefits from the Trust for five years or upon payment in full of the loan.|