Housing Assistance

At Euclid Development Corporation (EDCOR), we believe that every resident deserves access to safe, affordable housing and resources to help build a better future.

3% Home Improvement Loan

Cuyahoga County CDBG Income Limits 2025

Is your Euclid home in need of repairs or upgrades, but finances are standing in the way? EDCOR's low interest home improvement loan program can help. With long repayment terms and a fixed 3% interest rate, these loans make critical home upgrades achievable for eligible Euclid homeowners. Maximum loan amount of $30,000 as of 5/13/25.

*Income amounts are effective as of 4/2025 and are subject to change.

To discuss your home improvement plans and see if you meet program requirements, email us at info@edcor.org or download the Home Improvement Loan Information Pack and Loan Application below:

APPLY ONLINE HERE!

    • Exterior/interior repairs

    • System upgrades (electrical, plumbing, HVAC)

    • Remodeling projects

    • Lead paint hazard reduction (up to $500 in renovation costs forgiven)

    • Maximum loan amount: $30,000

    • 3% fixed interest rate

    • No fees or charges

    • 10-year repayment term

    • Special repayment options for seniors and disabled residents

    • Own and live in a two-or three-family dwelling in Euclid, OH for a minimum of 1 year

    • Have equity in your home

    • Meet income eligibility guidelines*

    • Income verification

    • Homeownership documentation

    • Proposed project list

    • Monthly household budget

    • Home insurance policy

    1. You must be a resident of the city of Euclid, Ohio.

    2. You must own and reside in the home in which the proposed improvements are to be made.

    3. If you own a two-or three-family dwelling, you must reside on one of the units and only that unit may receive funding.

    4. You must have equity in your home.

    5. You must have owned and lived in your home for at least one year.

    6. Your household/combined income must be within the published Federal guidelines.*

Home Improvement Loan Information Packet
Home Improvement Loan Application

Turn $250 Into $2,250 For Your New Home

Think you can't afford to buy your first home? We challenge you to prove you can! Save just $250 and we'll turn it into $2,250 toward your down payment or closing costs. Sound good? It gets better! You can combine it with our Down Payment Assistance loan for even greater buying power!

Cuyahoga County CDBG Income Limits 2025

*Income amounts are effective as of 4/2025 and are subject to change.

Limited Challenge: Only 5 participants will be accepted. Do you have what it takes?

Contact EDCOR at info@edcor.org to accept the $250 Challenge today.

HOW TO OPEN YOUR $250 CHALLENGE SAVINGS ACCOUNT
APPLY ONLINE HERE!

    • Income qualify for the program

    • Save $250 in a dedicated savings account (we help you set it up!)

    • Complete 8 hours of HUD certified financial education

    • Receive $2,000 from EDCOR to use toward your first home purchase

    • Total benefit: $2,250 for your homeownership goals

    • 8-to-1 return on your commitment to save

    • Professional financial education and homebuyer counseling

    • Dedicated individual support throughout your homebuying journey

    • Proof that you CAN become a homeowner

    • First-time homebuyers welcome

    • Must income qualify for the program

    • Must be committed to saving $250

    • Be committed to completing financial education

Down Payment Assistance Loan (mortgage reduction program)

Buying your first home in Euclid just got a little easier! EDCOR's Down Payment Assistance Loan program helps qualified first-time homebuyers by providing up to $10,000 to reduce your bank loan - making your monthly payments more affordable. Over the life of a typical 30-year mortgage at 6.5% interest, this reduction could save you more than $13,000 in interest alone!

  • How it works:

    • Get up to $10,000 to reduce your mortgage principal at closing - you borrow less, so you pay less in interest.

    • Typical savings: over $13,000 in interest on a 30-year loan

    • 0% interest and no monthly payments

  • Forgivable loan:

    • This is a 5 year forgivable loan

    • Half of the loan is forgiven if you live in the home for 5 years and submit annual residency form

    • The rest is repaid if you sell or transfer the home

  • Who can apply:

    • First-time homebuyers purchasing in Euclid who meet income limits

    • Home price must be $209,000 or less for existing homes or $273,000 or less for new builds

    • Loan amount is up to 17% of purchase price, capped at $10,000

    • Able to contribute 3.5% down payment from your own funds

  • What to submit:

    • Signed and completed application

    • Certificate of completion for HUD-pre purchase counseling

    • Pre-approval letter from mortgage lender

    • Proof of ability to contribute 3.5% of purchase price from own funds (bank statement, 401k)

    • Copy of last two federal 1040 tax returns

      • If self-employed, copy of last three 1040 tax returns, profit & loss statements

    • Copy of last two W-2 forms

    • Copy of last 4 paystubs for all jobs held by anyone working in home

    • Copy of driver’s license/state ID for anyone 18+

    • Copy of birth certificates for minor children

    • If you collect a pension or SSI, copy of award letter

    • $150 application fee (sent via Intuit QuickBooks via request to our email info@edcor.org)

HUD Certified Training Options for Required Certificate:

Cuyahoga County Income Limits 2025

To discuss your down payment assistance needs and see if you meet program requirements, email us at info@edcor.org or download the Down Payment Assistance Loan Information Pack and Loan Application below:

Down Payment Assistance Loan Program Description
Down Payment Assistance Loan Application
ANNUAL PROOF OF RESIDENCE AFFIDAVIT
LENDER QUICK REFERENCE GUIDE
APPLY ONLINE HERE!

Neighborhood Opportunity Grant

Final Round

The Neighborhood Opportunity Grant (NOG) has helped many Euclid homeowners make important home repairs over the years, improving curb appeal and strengthening pride in our neighborhoods. As EDCOR’s Program Manager, I’ve seen how these repairs—new roofs, porches, and fresh paint—can truly transform both homes and the people who live in them.

This year marks the final round of the Neighborhood Opportunity Grant. Homeowners can receive up to $7,500 for exterior, street-visible repairs, with a required 10% homeowner contribution. Eligible projects include windows, doors, tuckpointing, roofs, driveways, sidewalks, porches, railings, gutters, painting, and siding. Landscaping and backyard repairs are not eligible.

To qualify, homeowners must live within Euclid city limits, be current on property taxes, and either meet income guidelines or live in a qualified census tract.

Applications will be accepted online only from December 5 through December 19 at https://tinyurl.com/y5fzk9k4.

For those who need help applying, EDCOR will host an in-person session at Moore Counseling and Mediation Services (MCMS), 22639 Euclid Avenue, on Saturday, December 6 from 10:00 a.m. to 12:00 p.m. Computers and staff will be available to assist applicants.

Emma will be at the Senior Center December 10th and December 17th from 10am – 11:30 am to assist seniors with filling out the application.

The Neighborhood Opportunity Grant has made a lasting impact on our community—helping residents stay in their homes and strengthening the character of our neighborhoods. I encourage all eligible homeowners to take advantage of this final opportunity to make visible improvements that will benefit both their homes and the entire city of Euclid.