evidence: - Home Improvement Loan Program funds can subsidize the interest rate for private home improvement loans by providing up to a $5,000 grant to "buy down" the interest rate to as low as 2 percent. [...] Program assistance will be provided in the form of an interest-free deferred loan - The first $5,000 will be considered a forgivable deferred loan and will be forgiven after five years, provided the assisted homeowner does not sell the home or transfer ownership. Assisted homeowners must also continue to occupy the home as their principal residence for the entire five-year period. [...] To qualify, the property must be designated and listed as a landmark by the local, state, or national historic register, be a contributing structure in a residential district, or be within the 1919 city limits. Call the Metropolitan Area Planning Department for more information. Be sure to have the exact property address available. The loan applicant must also be the owner of the property or must be purchasing the property on a valid land sale contract.