Rental Rehabilitation Loan Program

The Rental Rehabilitation Loan Program aims to improve the conditions of rental housing by providing zero percent interest deferred loans to property owners for the rehabilitation of their affordable rental units occupied by low-income families.

Rental Rehabilitation Loan Program success story

Loan Highlights

Up to $15,000 per rental unit
20-year 0% interest loan
10% private fund match
Rehabilitate 2 to 10 units
Maximum amount $150,000
No prepayment penalty

Example:
A property owner requesting $50,000 in City Rental Rehabilitation Loan Program funds will be required to provide a $5,000 match.

Below, please find: Eligibility Requirements, Eligible Improvement Items, How to Apply, Benefits of the Program, Program Application, Program Spanish Fact Sheet.

ELIGIBILITY REQUIREMENTS

APPLICANTS

Applicant must own the property to be rehabilitated
Applicant must prove credit worthiness
Applicant must abide by HUD guidelines for the program

INCOME
Occupant's income must be at or below 65% of area median income, as established by HUD.

PROPERTY

Be located within the City of Fresno
Consist of 2 to 10 units
Not be a major code violator
Obtain a program packet for more information

ELIGIBLE IMPROVEMENT ITEMS

GENERAL

Improvements and repairs related to health and safety

Accessibility improvements for the physically impaired

Weatherization and energy efficiency updates

ITEMS

Appliances
Bathtubs
Cooling
Counter tops
Doors
Electrical panels
Exhaust fans/vents
Facia board
Faucets
Fireplace
Floor covering
Foundations and structural problems
Gas hookup
GFCI’s Heating
Insulation
Kitchen and bath cabinets
Lead-based paint abatement
Light fixtures
Painting
Pest control mediation
Plumbing
Roofing
Security bars
Smoke alarm
Toilets
Water heater
Windows

HOW TO APPLY

Download and fill-in the Rental Rehabilitation Loan Program Application (see pdf link at bottom of this page) and submit to the Housing and Community Development Division. Once your application information is determined to meet eligibility criteria, you will be contacted with further information on how to proceed.

BENEFITS OF THE PROGRAM

Improves the City’s rental housing stock
Ensures housing quality standards are maintained
Provides safe and decent housing to working families
Repayments to fund future rehabilitation projects
Attracts quality renters
Reduces long-term maintenance costs

Links

Download Acrobat to view the following pdf document:

Rental Rehabilitation Loan Program Application (pdf)

Rental Rehabilitation Loan Program Spanish Fact Sheet (pdf)

Housing and Community Development Division
Fresno City Hall
2600 Fresno St., Room 3076
Fresno, CA 93721
Phone: (559) 621-8300