Communities Unlimited, a nonprofit organization, is offering home improvement loans up to $3,500 to residents of eligible counties in Arkansas, including Columbia, Hempstead, Lafayette, Little River, Miller, Nevada, and Union.

Eligibility and Application

To qualify for the loan, applicants must have the ability to repay at a 40% maximum debt-to-income ratio. Communities Unlimited is a community development financial institution (CDFI) that can offer loans at a 10% interest rate, which is usually lower than most banks.

For assistance, residents can visit Communities Unlimited on social media or on their website. The organization also offers other programs, including broadband services, emergency funding, and small business loans up to $200,000.

Original reporting: KTBS 3 (Shreveport) — read the source article.