Residence repair loans assist low-income homeowners pay money for needed and repairs that are critical. Our objective is always to expel unhealthy or hazardous conditions, eiminate barriers to accessibility, enhance security for individuals with real disabilities and energy that is incorporate measures that reduce power costs and usage.
We offer loans to low-income homeowners for required and home that is critical and little funds to low-income people with disabilities to create their houses more available. Loans and grants now available and limits that are income given below.
Fill in an inquiry to learn if you should be qualified!
For low-income individuals with real disabilities to boost access and security (some tenants may possibly not be qualified): Accessibility funds
For low-income home 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 grants to assist property owners in Clackamas County repair their domiciles and enhance accessibility.
Procedures to acquire a true house fix loan or accessibility grant:
- Complete an inquiry that is on-line phone our workplace for support. If it seems perhaps you are qualified we’re going to include one to the waiting list. Whenever financing can be obtained, we will deliver you a page. Then apply if you are still interested, you may.
- We will review your determine and application eligibility.
- In the event that you qualify, a Rehab Advisor will examine your premises to ascertain what repairs are required. Safe practices things really are a concern.
- You shall request bids from contractors of the option. A listing of interested contractors is present for the convenience.
- Your Rehab Advisor will help you through the entire construction procedure.
Accessibility Grants
Low-income homeowners (and renters that are eligible with real disabilities could 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, bathroom or kitchen 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 devices within 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, roof or temperature. Main temperature supply just — woodstoves & pellet stoves are thought a additional temperature source. (No equity needed. ) | $15,000 repairs that are exterior: Roof/Gutters, Paint, Weatherization, Windows/Doors, Foundation. (Credit and equity needs apply. ) | $25,000 |
| Complete Repairs Complete house repairs must satisfy Community Development rehab standards. | $35,000 |
Fundamental loan demands
House should be based in Clackamas County and should be in need of fix
Deferred Payment Loan (DPL) terms
Minimal 3percent per simple interest year. Re Payments are deferred — no monthly obligations. Deferred so long as homeowner 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
Your family’s yearly revenues must be lower than 80% of this County’s median earnings, as dependant 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 whom could be thinking about putting in a bid on tasks within the Housing Rehabilitation Loan Program. Contractors on our list needs to be certified, fused and registered utilizing the State of Oregon Construction Contractors Board and possess experience in housing rehabilitation.
We usually do not suggest or endorse any contractors. Contractors in the HUD debarred list aren’t qualified to use.
If you should be enthusiastic about working together with our program, please finish the specialist information application and return to your office. Please include copies of your CCB registration, insurance coverage certificates and certifications of particular trades, including asbestos or paint that is lead-based.
Applications and documents that are supporting be mailed to: Clackamas County Community Development, 2051 Kaen Rd., STE 245, Oregon City, Oregon 97045; Faxed to 503-655-8563; or emailed.
When you yourself have any queries or require more information, you could phone County Rehab professionals, Jayson Tidland or Mike Woolman at 503-655-8591.
- Applicant must have or perhaps property that is buying should be in name
- Owner must are now living in home
- Property fees needs to be present
- Applicant must-have adequate equity
- Loans for exterior repairs need that the surface of houses be brought as much as HUD’s Housing Quality Standards (HQS) and Clackamas County’s minimal rehab standards https://badcreditloanmart.com/payday-loans-nv/.
- Loans for a purpose that is single restricted to one health or security product just.
- All work should be done by Oregon-licensed and bonded contractors.
- Manufactured domiciles in areas usually do not be eligible for that loan. (OK for an Accessibility give. )