Details | Home Improvement and Rehabilitation Program


Funder

 

California State Treasurer

Implementer

 

California Debt Limit Allocation Committee

Description

 

State and local governmental agencies and joint powers authorities can issue tax-exempt mortgage revenue bonds (MRBs) or mortgage credit certificates (MCCs) to help low- to moderate-income households secure qualified home improvement or qualified rehabilitation loans. These agencies and authorities may issue MRBs to finance loans that are below market rates. Also these entities may issue mortgage credit certificates that can be used to reduce the homeowner federal tax liability. Program participants must meet income limits and qualifying loans must adhere to federal requirements.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Bond

Category

 

Financing

Territory

 

California

Applicant type

 

Public Agency

Project

 

Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building

Sector

 

Public  |  Residential

Sub-sector

 

City  |  County  |  Multi Family  |  Single Family  |  Special Districts  |  State

Sustainability

 

Energy Efficiency in Buildings  |  Water Recycling

Additional website

 

Small business

 

False

Disadvantaged communities

 

True

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

None

Interest rate comment

 

Incentive