CINCINNATI, OH (FOX19)- The Hamilton County Home Improvement Loan Program (known as “HIP”), which allows homeowners in Hamilton County communities to borrow money to repair or remodel homes or rental property at interest rates 3% below current bank rates recently surpassed $40,000,000 in loans.
HIP was proposed to provide an incentive for county property owners to improve their homes, and in the process, to create jobs and stop the flight of people, businesses and revenue from the county. Since its inception in 2002, HIP has succeeded all expectations as over 2400 loans have been made, hiring 2,679 local contractors and retaining almost $5.5 Million in county revenues.
HIP Loans may be used for remodeling bathrooms, kitchens, decks, plumbing, ceilings and walls, garages, landscaping, room additions, central air and furnaces, gutters and roofs, painting and carpeting, sliding windows and doors, or other improvements, inclu