Community Renovation LoanHousing Services:
PDC Community Renovation Loan

Features/Benefits

If you're considering buying a home that needs some renovation work - like updates to the kitchen, bathroom or roof repair - Portland Development Commission (PDC) can help. PDC's Community Renovation Loan allows a borrower to purchase a home and finance the renovation work in a single loan!

PDC's Purchase and Renovation Loan is ideal if your property needs repairs or if you just want to make some improvements. With the right renovations, you may be able to add immediate value to your home or put your personal touch on a previously-owned home. Moreover, in situations where repairs are required before a loan can be closed, the PDC's Purchase and Renovation Loan is the perfect solution. That's because the appraisal is performed based on the work to be done, and the work is completed after the loan closes.

In addition, a PDC construction specialist is assigned to you during the renovation process to ensure all the improvements are completed properly and in a timely manner.

Eligibility Requirements

Eligible Borrower

* Higher household income limits apply for households of fi ve or more people.

Eligible Property

Loan Terms

For more information call 503-823-3400, e-mail nhp@pdc.us.


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Portland Development Commission | 222 NW Fifth Ave | Portland, OR 97209-3859
Phone: 503-823-3200 | Fax: 503-823-3368
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