Service Name: RURAL DEVELOPMENT - SINGLE FAMILY HOUSING REPAIR LOANS & GRANTS IN CALIFORNIA

Organization Name: USDA FOOD AND NUTRITION SERVICE

• Description: Cooperative Services loans and grants for rural housing, business development, utility and community facilities. Provides low income housing loans, grants for elderly to repair homes (504) program. Business expansion loan for existing or new businesses.Single Family Housing Repair Loans & Grants in CaliforniaFact SheetProgram Status: OpenWhat does this program do Also known as the Section 504 Home Repair program, this provides loans to very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.Who may apply for this programTo qualify, you must: Be the homeowner and occupy the house Be unable to obtain affordable credit elsewhere Have a family income below 50 percent of the area median income For grants, be age 62 or older and not be able to repay a repair loanWhat is an eligible areaApplicants may check the address of their home to determine eligibility.How may funds be used Loans may be used to repair, improve or modernize homes or remove health and safety hazards Grants must be used to remove health and safety hazardsHow much money can I get Maximum loan is $20,000 Maximum grant is $7,500 Loans and grants can be combined for up to $27,500 in assistanceWhat are the terms of the loan or grant Loans can be repaid over 20 years Loan interest rate is fixed at 1% Full title service is required for loans of $7,500 or more Grants have a lifetime limit of $7,500 Grants must be repaid if the property is sold in less than 3 years If applicants can repay part, but not all of the costs, applicants may be offered a loan and grant combinationIs there a deadline to apply Home loans are available year round as long as funding is available Home loan applications are processed in the order they are receivedHow long does an application take Approval times depend on funding availability in your area. Talk to a USDA home loan specialist in your area for help with the applicationWhy does USDA Rural Development do thisHelping people stay in their own home and keep it in good repair helps families and their communities. Homeownership helps families and individuals build savings over time. It strengthens communities and helps many kinds of businesses that support the local economy
• Website: https://www.rd.usda.gov/programs-services/single-family-housing-repair-loans-grants/ca
• Phone(s): (530) 792-5825, (530) 792-5800, (530) 792-5830, (707) 443-6714, (805) 863-9928, (530) 792-5837, (530) 792-5816, (916) 798-9295
• Hours: No information has been provided by Agency.
• Eligibility: To qualify, you must:Be the homeowner and occupy the houseBe unable to obtain affordable credit elsewhereHave a family income below 50 percent of the area median income For grants, be age 62 or older and not be able to repay a repair loanWhat is an eligible area?Applicants may check the address of their home to determine eligibility.
• Requirements: No information has been provided by Agency.
• Areas Served:
  • Del Norte United States
  • Humboldt United States
• Categories:
  • Home Maintenance and Minor Repair Services
  • Food
  • Home Rehabilitation Loans