Rental Rehab Incentive Program

Loans targeted to small developers, investors, non-profits and others interested in providing small scale rental projects.

Purpose 

  • To provide funding for small scale and scattered site projects;
  • To bring badly deteriorated or dilapidated housing units back into the rental housing stock;
  • To provide permanent supportive housing for special populations as defined by HUD, therefore priority is given to applications providing such;

Benefits

  •  Maximum loan amount =  $200,000 or 90% of appraised  value, not to exceed $200,000;
  • 0% interest rate amortized over a period not to exceed 360 months;
  • Required to rent to low to moderate (80% AMI or below) households using HOME rent limits;
  • Can be used for purchase and/or rehabilitation of vacant units

 

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Rental Rehab Incentive Program  Webinar

This is a MANDATORY workshop for the Rental Rehabilitation Incentive Loan Program. Participation is mandatory in order to submit a loan application for the loan program.

To register for Thursday, July 25, 2024 Rental rehab webinar please

Please print and submit both of the following forms for consideration for this program:

Program Application(PDF, 266KB)

Rental Rehab Addendum(PDF, 182KB)

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