Home Improvement

The Community Home Improvement Program (CHIP) provides low interest loans for eligible borrowers to improve or repair the borrower's present single family home.

The interest rate for CHIP Loans is 2.9%. The total gross annual household income is a maximum of $90,600 for a household of 2 or less or a maximum of $105,700 for a household of 3 or more. CHIP Loans have level monthly payments and are amortized according to underwriting guidelines. Loan amounts and terms are determined on an individual basis.

There are no loan-to-value requirements and minimal costs associated with obtaining a CHIP Loan.

Examples of Eligible and Ineligible Repairs/Improvements


Room/Garage Additions, Driveways, Kitchen Cabinets, Siding, Air Conditioning, Fencing, Painting, Termite Control, Alterations, Flooring, Plastering, Wall Paper, Conversions, Foundations, Plumbing, Windows, *Decks, Heating, Roofing, Doors, Insulation, Sidewalks, Accessibility Updates, Hardware, Steps, Wiring, Smoke/Fire Alarms, Radon Mitigation, Mold, Storm Windows/Doors, Water Softeners.

*New decks or repairs to existing will be allowed for safety purposes.


Appliances, Furniture, Sprinkler Systems, Hot Tubs, Landscaping, Patios, Swimming Pools

How to Apply

Contact one of SDHDA's CHIP Participating Lenders for an application and interview.

Contact CHIP Participating Lenders