Residence Fix Loans and Home Accessibility Grants

Residence repair loans assist low-income homeowners pay money for required and repairs that are critical. Our objective would be to expel unhealthy or dangerous conditions, eiminate barriers to accessibility, enhance security for individuals with real disabilities and incorporate energy preservation measures that reduce energy expenses and use.

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 domiciles more available. Loans and funds currently available and limits that are income given just below.

Fill in an inquiry to discover if you’re eligible!

For low-income individuals with real disabilities to enhance access and security (some renters is almost certainly not 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 system provides loans that are low-interest funds to greatly help property owners in Clackamas County repair their domiciles and enhance accessibility.

Procedures to get house fix loan or accessibility grant:

  1. Complete a online inquiry or phone our workplace for support. If it seems you might be qualified we are going to include one to the waiting list. Whenever financing can be acquired, we shall give you a page. Then apply if you are still interested, you may.
  2. We shall review your determine and application eligibility.
  3. In the event that you qualify, a Rehab Advisor will inspect your premises to find out just exactly exactly what repairs are essential. Safe practices products certainly are a concern.
  4. You shall request bids from contractors of one’s option. A listing of interested contractors is present for the convenience.
  5. Your Rehab Advisor can assist you through the entire construction process.

Accessibility Grants

Low-income homeowners (and renters that are eligible with real disabilities can be entitled to 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, home or restroom accessibility improvements such as roll-in showers, raised toilets and grab pubs. (For tenants in flats, at the least 51 % of this devices within the framework should 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. Primary temperature supply just — woodstoves & pellet stoves are thought a additional temperature supply. (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 home repairs must fulfill Community developing rehab standards. $35,000

Fundamental loan demands

Home should be situated in Clackamas County and should be looking for fix

Deferred Payment Loan (DPL) terms

Minimal 3percent per year simple interest. Payments are deferred — no monthly obligations. Deferred so long as home owner life in house, or until offered, name transported, 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 income that is gross be lower than 80% of this County’s median earnings, as based on HUD. The present limitations that apply to loans and grants are shown below.

Domestic 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 bidding on jobs into the Housing Rehabilitation Loan Program. Contractors on our list should be certified, bonded and registered with all the continuing State of Oregon Construction Contractors Board and now have experience with housing rehabilitation.

We don’t suggest or endorse any contractors. Contractors from the HUD debarred list aren’t entitled 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.

For those who have any queries or require extra information, you might phone County Rehab professionals, Jayson Tidland or Mike Woolman at 503-655-8591.

  • Applicant must obtain or perhaps property that is buying should be in name
  • Owner must are now living in home
  • Home taxes should be present
  • Applicant will need to http://badcreditloanzone.com/payday-loans-ia/ have sufficient equity
  • Loans for outside repairs need that the outside of houses be brought as much as HUD’s Housing Quality Standards (HQS) and Clackamas County’s minimum rehab standards.
  • Loans for the 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 parks usually do not be eligible for financing. (OK for an Accessibility give. )