Historic Loan Program
Through the Historic Loan Program, low-interest installment loans are provided for the preservation, restoration, and rehabilitation of historically and architecturally significant structures located within the City of Wichita.
To qualify, the property must be designated and listed as a landmark by the local, state, or national historic register, or 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.
Historic loans can be extended to private individuals and/or entities, including for-profit or non-profit organizations.
Upon completion, the entire housing structure must comply with the minimum housing code.
Additional financing, in the form of a zero interest deferred payment loan may be provided to address lead-based paint requirements. This loan is due and payable upon sale of the property or transfer of ownership.
Tenants must not be displaced. Property owners must agree to lease completed units to individuals and/or families with incomes less than 80% of the area median income for a period of one year. Monthly rent plus utilities may not exceed 30% of the tenant/occupant's gross monthly income, upon occupancy.
Property owners must have sufficient equity in the property.
How to Apply
Contact the Metropolitan Area Planning Department for more information.