Andy DeVilbiss, Public Information Officer at the DHCD's Office of Communications and Marketing, told loans.org that applicants do not need a certain credit score in order to be eligible for the personal loans.
"However, an applicant's overall credit score is a factor when determining their ability to repay or eligibility for a deferred loan," said DeVilbiss
also said that the DHCD's
Special Loan Programs division has allocated $250,000 for the program.
The loans are available on a first-come, first-serve basis.
Thus far, half of the allocated $250,000 has been lent out as personal loans.
While the program covers fixtures and piping, DeVilbiss
stated that the program is typically used for septic tank issues and connection to public water lines.
Despite the grave destruction wrought by Hurricane Sandy, the Indoor Plumbing Program is not made to repair damage caused by a natural disaster.
"The Indoor Plumbing Program is a subprogram/category under the state's main home improvement loan program, the Maryland Housing Rehabilitation Program (MHRP), and both programs have existed for many years," said DeVilbiss
explained that Applicants must qualify as low- to moderate-income homeowners.