Heritage Home Program Loan Rates set to Rise in 2026
BAY VILLAGE, OH – Homeowners in eligible areas looking to finance renovations on older properties through the Heritage Home Program (HHP) should be aware of upcoming changes: interest rates on HHP loans will increase in 2026. The program, which provides guidance and financial assistance for preserving and improving older homes, currently offers favorable terms, but those will shift as KeyBank funding agreements evolve.
The HHP, a nonprofit organization, offers unbiased advice and low-interest loans to homeowners undertaking qualified home improvement projects. Established to revitalize and maintain the character of older neighborhoods, the program assists with a wide range of improvements, from roof replacements and historic paint schemes to kitchen remodels, attic conversions, and energy efficiency upgrades.
According to the HHP brochure, participation does not require taking out a loan; the program also provides free advice on products and services for older homes. “We are happy to answer any of your questions about your older home,” the program states.
Currently, the HHP assists homeowners with projects including:
* Enhancing curb appeal with new roofs or historically accurate paint colors.
* Increasing livability through kitchen or bathroom remodels, attic conversions, or additions.
* Improving energy efficiency by reducing air infiltration, repairing original windows, or improving insulation and weatherproofing.
the program’s preservation toolbox and application are available on the HHP website: https://preservationtoolbox.heritagehomeprogram.org/resources/preservation_toolbox.php and https://www.heritagehomeprogram.org/wp-content/uploads/2025/05/2025-KeyBank-HHP-Application.pdf. bay Village recently shared data about the program on its city website: https://www.cityofbayvillage.com/m/newsflash/home/detail/415.
