Property Improvement Loan (only applicable to Title I)

Property Improvement Loan (only applicable to Title I)

Property Improvement Loan refers to a Loan made to finance actions or items that substantially protect or improve the basic livability or utility of a Property. Unless otherwise indicated, the term includes: • Single Family, Multifamily and Nonresidential Property Improvement Loans; • Manufactured Home Improvement Loans classified as real estate or as Personal Property; • Historic Preservation Loans; and • Fire Safety Equipment Loans in existing Health Care Facilities.