How is the housing rehabilitation work paid?
CHIP provides loans at three percent simple interest (the interest does not compound). No payments are required on the CHIP loan for 15 or 25 years, depending upon income. The CHIP loan is repaid when the house is sold or when an estate is settled.

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1. Who is eligible for a CHIP loan?
2. How do I apply for a CHIP loan?
3. What happens after I apply for a CHIP rehabilitation loan?
4. How is the housing rehabilitation work paid?
5. How do I pay for the housing rehabilitation work?
6. What are the terms of a CHIP loan?
7. How is the housing rehabilitation work completed?
8. How can I become a CHIP approved Contractor?