Details | Rental Rehabilitation Program


Funder

 

Department of Housing and Urban Development

Implementer

 

Fresno Housing Authority

Description

 

Rental Rehabilitation Program (RRP) offers zero-interest loans to repair rentals in unincorporated areas and participating cities. Loans cover the entire cost of rehabilitation and are repaid over 20 years. Project must also have a positive monthly cash flow, code deficiencies must be corrected, and tenants must have incomes at 60 percent of the median if the project is in a participating city or 80 percent if located in an unincorporated area.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Secured Loan

Category

 

Financing

Territory

 

Fresno County

Applicant type

 

Private Resident

Project

 

Rehabilitation of Part of an Existing Building

Sector

 

Residential

Sub-sector

 

Multi Family  |  Single Family

Sustainability

 

Energy Efficiency in Buildings  |  Water Use Reduction

Small business

 

False

Disadvantaged communities

 

True

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

30

Interest rate comment

 

0%

Incentive