The City is Accepting Applications for its P.E.A.R Program
August 4, 2015
COLUMBIA, SC – The City’s Community Development Department is accepting applications for its Property Enhancement Assistance for Rental Housing (P.E.A.R) program. Eligible investors can borrow up to a $50,000 with a fixed interest-rate of three percent to be paid back over 30 years.
P.E.A.R is designed for investors seeking to obtain a low-interest and fixed loan to improve their rental property. To be eligible, the rental property must be located in a designated target area within the City limits and renters must be 80 percent below the median income.
For more information or to apply, call 803-545-3373 to schedule an appointment with a loan officer.
