Mission: To encourage community revitalization and redevelopment in the city of fairfax.
Programs: The corporation participates in a program in conjunction with a local bank under which the bank lends money to qualified homeowners for home improvements, and the corporation pays the interest on those loans for the first 2 years. The corporation establishes the criteria for participation in the program and evaluates applications from homeowners to determine the homeowners' eligibility for the program. The bank determines whether to lend to the homeowner based upon its lending criteria. The purpose of the loan program is to encourage homeowners to improve old and deteriorated homes in order to improve the quality of residential neighborhoods in fairfax.