Housing Enhancement Loan Program/ Heritage Home Program

[Ricardo Murph II]

There is an old house that I have under contract. I am exploring my next move.  My contractor told me about loans for home improvement in Cleveland. Looked it up and found the Housing Enhancemet Loan Program and Hertage Home Program. Has anyone used these loans? They are only ~2% interest rate for 5-10 years. Is it worth the paper work?  Is it hard to get?  Is it restrictive on what the money can be used for?