Residence repair loans assist low-income homeowners pay money for needed and repairs that are critical. Our objective would be to eliminate unhealthy or dangerous conditions, eiminate barriers to accessibility, improve security for individuals with real disabilities and energy that is incorporate measures that reduce power costs and usage.
We www.quickpaydayloan.info/payday-loans-va offer loans to low-income homeowners for required and critical house repairs and little funds to low-income people with disabilities to produce their houses more available. Loans and funds now available and limits that are income the following.
Fill out an inquiry to learn if you should be qualified!
For low-income people with real disabilities to enhance access and security (some renters might not be qualified): Accessibility funds
For low-income property owners: Home Fix Loans
Us or call 503-655-8591 if you have other quesitons, email.
How exactly does the Housing Rehabilitation Program work?
This program provides low-interest loans and funds to greatly help property owners in Clackamas County repair their houses and enhance accessibility.
Procedures to acquire house fix loan or accessibility grant:
- Complete a online inquiry or phone our workplace for help. You may be eligible we will add you to the waiting list if it appears. Whenever capital can be obtained, we will give you a page. Then apply if you are still interested, you may.
- We shall review your determine and application eligibility.
- In the event that you qualify, a Rehab Advisor will examine your premises to find out just just just what repairs are required. Safety and health products really are a concern.
- You will request bids from contractors of one’s option. A summary of interested contractors can be obtained for your convenience.
- Your Rehab Advisor will help you through the entire construction process.
Accessibility Grants
Low-income homeowners (and qualified tenants) with real disabilities can be qualified to receive a grant as much as $5,000 to pay for the price of increasing access and security. Samples of qualified improvements: wheelchair ramps, handrails and widened doorways, kitchen area or restroom accessibility improvements such as for example roll-in showers, raised toilets and grab pubs. (For tenants in flats, at the least 51 per cent associated with the devices into the framework must certanly be occupied by low-income households. )
Residence Fix Loans
| Max. Loan | ||
| solitary Purpose wellness or security product just. Examples: water/well, septic/sewer, heat or roof. Main temperature supply just — woodstoves & pellet stoves are thought a heat source that is secondary. (No equity needed. ) | $15,000 repairs that are exterior: Roof/Gutters, Paint, Weatherization, Windows/Doors, Foundation. (Credit and equity demands apply. ) | $25,000 |
| Complete Repairs Complete house repairs must fulfill Community developing rehab standards. | $35,000 |
Fundamental loan needs
House should be situated in Clackamas County and needs to be looking for fix
Deferred Payment Loan (DPL) terms
Minimal 3percent per simple interest year. Re Payments are deferred — no payments that are monthly. Deferred provided that home owner everyday lives in house, or until offered, name transmitted, refinance, or modification of good use. Loans are guaranteed by lien on home.
Present yearly gross income limits effective June 28, 2019
Family members’s yearly income that is gross be lower than 80% of this County’s median earnings, as based on HUD. The limits that are current apply to loans and funds are shown below.
| Home Size | Annual Gross money (maximum) |
| 1 | $49,250 |
| 2 | 56,250 |
| 3 | 63,300 |
| 4 | 70,300 |
| 5 | 75,950 |
| 6 | 81,550 |
| 7 | 87,200 |
| 8 | 92,800 |
Other information
Contractors
Our company is presently soliciting for contractors who can be thinking about putting in a bid on tasks when you look at the Housing Rehabilitation Loan Program. Contractors on our list should be certified, fused and registered utilizing the continuing State of Oregon Construction Contractors Board and possess experience with housing rehabilitation.
We don’t suggest or endorse any contractors. Contractors from the HUD debarred list aren’t qualified to use.
If you should be enthusiastic about working together with our system, please finish the specialist information return and application to your workplace. Please include copies of your CCB registration, insurance coverage certificates and certifications of certain trades, including asbestos or lead-based paint.
Applications and documents that are supporting be mailed to: Clackamas County Community developing, 2051 Kaen Rd., STE 245, Oregon City, Oregon 97045; Faxed to 503-655-8563; or emailed.
You may call County Rehab Specialists, Jayson Tidland or Mike Woolman at 503-655-8591 if you have any questions or need additional information.
- Applicant must obtain or perhaps property that is buying must certanly be in name
- Owner must reside in property
- Home fees needs to be present
- Applicant should have equity that is sufficient
- Loans for outside repairs need that the surface of domiciles be brought up to HUD’s Housing Quality Standards (HQS) and Clackamas County’s minimal rehab standards.
- Loans for a solitary function are restricted to one wellness or security product just.
- All work needs to be done by Oregon-licensed and bonded contractors.
- Manufactured domiciles in areas usually do not be eligible for a financing. (OK for an Accessibility give. )