Property Improvement Program Plus

The Property Improvement Program (PIP) - Plus funding is a combination of HOME funding with PIP funding. Fifty-percent of the project cost, up to $10,000, can be funded with HOME funds that will be forgiven in 5 years. The other 50% will be a PIP loan with monthly payments at 4 to 8% interest. Homeowners must qualify for a PIP loan, have annual income under 80% of median income and bring the home to UPCS standards to qualify for PIP - Plus.