Rental Rehabilitation

Assistance is available to investors/owners for the rehabilitation of residential properties to increase the availability of affordable, decent, safe and sanitary rental units for very-low, low and moderate income residents. Assistance may be provided in the form of a low interest or deferred loan for a portion of the cost of rehabilitation. Tenants of assisted units must be income-qualified by the City and rent restrictions shall also apply for specific periods of time, depending upon the amount of assistance provided per unit (minimum of five years and up to 20 years for new construction). 

Applications for assistance will be received on a first come, first served basis and funding will be provided as available. Priority for funding will be given to projects sponsored by the City, by Community Housing Development Organizations (CHDO's) and non-profit organizations. Remaining funding will be provided to other qualified applications on a first come, first serve basis.

In order to qualify for this incentive, the project must be certified as an affordable housing project under the Affordable Housing Certification process.