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As many Long Island homes continue to age, maintenance and upkeep need to be done. The question becomes how to pay for those repairs. Community Development Long Island has available low-interest home improvement loans for eligible Long Island homeowners. We will help to identify the repairs, contract with licensed contractors to get the best prices and finance the cost of repairs up to $25,000. Community Development Long Island and NYS Affordable Housing Corporation is also providing deferred loans to eligible Long Island homeowners, so inquire today! Loans can be used to make the following types of repairs:

  • Electrical

  • Plumbing

  • HVAC

  • Energy Efficiency Measures

  • Structural, Health, & Safety Measures

CDLI will manage the process, bid out your job with reputable contractors, and get you the fairest price.  If you decide to have CDLI manage your construction, there is a fee.

Loans are for a period of 15 years and can be paid off in advance with no prepayment penalty. All loans will be secured with a note and mortgage. Interest rates vary between 4% or 6%, based on household income in relation to the Area Median Income (AMI).

  • Contact us today and find out if a reverse mortgage is right for you

Contact Info


(631) 471-1215 ext. 1510 or 1930 or 2580



We are a nonprofit exempt mortgage banker. Loans are arranged through third-party vendors. CDLI Funding Corporation is a Fair Housing and Equal Opportunity lender.

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Apply today!

Home Improvement Loan

Home Improvement Loan

Low-interest loan for eligible Long Island homeowners.

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