Lead Poisoning Prevention Fund
Michigan Saves created the Lead Poisoning Prevention Fund (Lead Fund) to fill a critical gap for homeowners and income-property owners who don’t qualify for free home lead services from the Michigan Department of Health and Human Services (MDHHS). We’re working to make sure everyone—no exceptions—has peace of mind when it comes to the safety of their homes.
We are pleased to offer a 50/50 cost-share incentive for participants in our Lead Fund program. This means Michigan Saves will cover 50 percent of the cost of your lead abatement project. See additional details about this incentive below.
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How to Remove Lead From Your Home with the Lead Fund
Removing lead from your home with Michigan Saves’ Lead Fund is a multistep process. We want to ensure you understand how this program works and what it will look like for you and your home or property. Here’s how the process works.
Residential Financing Facts
Loan type:
Unsecured, personal loan
Eligible improvements:
Lead abatement measures or related work only
Loan amounts:
$1,000-$50,000
Terms:
Flexible between one and 15 years
Rates:
For the latest fixed rates, click here.
Eligible properties:
Single-family homes with up to four attached units and single-family income properties (Note: Lead Fund loans are unsecured, personal loans. LLCs are not eligible to apply.)
Actual rates, terms, and loan amounts vary and depend on market conditions, the lender you choose, and your creditworthiness.
About the 50/50 Cost-Share Incentive
The 50/50 cost-share incentive can only be used for lead abatement projects financed with a Michigan Saves Lead Fund loan. Your loan application must be approved to receive the incentive. Credit history, credit score, and other items in your credit report are considered with your loan application.
This incentive is only available for projects of $2,000 or more. The minimum Michigan Saves loan amount is $1,000. The maximum project amount is $100,000.
Michigan Saves Residential Lenders
We’ve already negotiated the best rates and terms for clean energy home improvements on your behalf. This simple, affordable clean energy financing is only available through Michigan Saves and is engineered to get you the most for your money, energy, and time.
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What county do you live in?
Available Lenders and Offerings
Loan terms are one year for every $1,000 up to $4,999. For loans $5,000 and higher, customer may select term up to ten years (or higher if applicable). There are no annual or early repayment fees.
| Amounts | Rates As Low As | Terms (months) | |||
|---|---|---|---|---|---|
| $1,000—$50,000 | 7.25% | Up to 180 | |||
| All Michigan Counties | |||||
| Amounts | Rates As Low As | Terms (months) | |||
|---|---|---|---|---|---|
| $1,000—$60,000 | 7.24% | Up to 180 | |||
| All Lower Peninsula Counties | |||||
| Amounts | Rates As Low As | Terms (months) | |||
|---|---|---|---|---|---|
| $1,000—$75,000 | 7.29% | Up to 180 | |||
| All Michigan Counties | |||||
| Amounts | Rates As Low As | Terms (months) | |||
|---|---|---|---|---|---|
| $1,000—$100,000 | Contact MSUFCU preferred contractor network | Up to 180 | |||
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All Lower Peninsula Counties MSUFCU preferred contractor network Lender does not participate in the centralized loan application center. Please contact your contractor to apply. |
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| Amounts | Rates As Low As | Terms (months) | |||
|---|---|---|---|---|---|
| $1,000—$60,000 | 7.25% | Up to 180 | |||
| All Michigan Counties | |||||
| Amounts | Rates As Low As | Terms (months) | |||
|---|---|---|---|---|---|
| $1,000—$100,000 | 7.49% | Up to 180 | |||
| All Michigan Counties | |||||
*All Michigan Saves authorized lenders offer programs for “good” credit and above. These lenders consider lower credit scores.
**Actual rates, terms, and loan amounts vary and depend on market conditions, the lender you choose, and your creditworthiness.
Stay Informed
Join our mailing list to receive more information about removing lead from your home and updates about the Lead Fund.
Learn More About Lead in Your Home
Michigan Saves, the nation’s first nonprofit green bank, today announced it will now offer a 50/50 cost-sharing incentive through its Lead Poisoning Prevention Fund (Lead Fund).
If you live in an older home or neighborhood and have recently discovered lead in your paint, soil, plumbing, or elsewhere, it’s wise to work toward lead remediation or abatement as soon as possible.
Most people think of their homes as the safest place they can be. However, if you live in an older house, apartment building, or neighborhood, there may be sources of excessive lead in and around your living space that can cause lead poisoning.
Have questions?
Contact our team at 517-484-6474 or [email protected]
