Housing Rehabilitation Loan
En Español
The City of Hughson’s Rehabilitation Loan program helps Home Owners and Investors preserve and upgrade their home(s) with a low interest loan.
These funds are made possible through the Community Development Block Grant Funding program. The following information is a general over view of the program.
Funding Availability Status:
Applications are being accepted.
How do I qualify for assistance?
Home Owners:
- Live in a home located within the city limits of Hughson that needs repair.
- Income at 80% or below the median for Stanislaus County. Qualification depends on the number of people in the family and is subject to change. See the following income table.
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Income Table
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( HUD March 19, 2007 )
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Number in Family
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80% of the Median income for
Stanislaus County
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1
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$31,350
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2
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$35,850
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3
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$40,300
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4
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$44,800
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5
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$48,400
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6
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$51,950
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7
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$55,550
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8
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$59,150
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What work can be done with the loan money?
A home is an investment that brings joy to a family and must be protected from the weather and normal wear. A home will deteriorate quickly if not maintained. The following are some of the areas that can be repaired with loan funds:
- Electrical Plumbing
- Roofing
- Broken Windows
- Foundation
- Pest Control
- Interior/ Exterior Paint
- Floor Coverings
- Fencing
- Bathroom & Kitchen Remodel
Some improvements that can not be done are:
- Barbecue Pits
- Greenhouses
- Kennels
- Swimming Pools
- Free-Standing Kitchen Appliances
- Spas
- Sprinkler Systems
What are the loan interest rates?
- Housing Rehabilitation loans are available at the following annual percentage rates for a term of up to 15 years.
> Home Owner: 3% interest
- The loan amount is determined by the scope of the work to be performed or the amount of equity remaining, which ever is less.
- A deferred payment plan is available for Home Owners with very low income (50% of the median income) and seniors (62 years old or older).
A deferred payment plan is available for Home Owners with very low income (50% of the median income) and seniors (62 years old or older).
How do I get started?
The Staff will:
- Assist you with application forms.
- Perform an on-site survey of your property; work with you to determine what repairs need to be addressed.
- Obtain bids from qualified contractors.
- Monitor the construction process.
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