AUGUSTA — A new Maine State Housing Authority home repair program for very low-income homeowners is expected to reach its goal of repairing 800 homes by its first anniversary in April.
The new “FIX ME” program will have an even more aggressive target — 1,600 homes — for 1996, said David Lakari, MSHA director. Cost of repairs will be about $12 million this year, Lakari said.
The program will provide a boost to the Maine economy, Lakari said. The FIX ME program provides loans at 1 or 4 percent interest rates, depending on the scope of work. Low-income families may borrow up to $15,000 through the program with 15 years to repay. Most repairs involve health and safety improvements such as furnace or septic system repairs or replacement, Lakari said.