Housing Rehabilitation Program
As part of an ongoing effort to preserve and enhance its residential neighborhoods, the City of Fountain Valley is offering federal funds to qualified low-income homeowners in making needed repairs to their homes. The City of Fountain Valley Home Improvement Program grants, rebates, and loans, are funded through a grant received from the U.S. Department of Housing and Urban Development's (HUD) Community Development Block Grant (CDBG) Program. Eligible repairs include:
- Termite treatment and wood damage repair
- Roof repair or replacement
- Abatement of code violations
- Plastering, siding, and stucco
- Interior and exterior painting
- Heating and electrical systems
- Accessibility modifications
Available Programs and Types of Assistance
Under the City of Fountain Valley Single-Family Home Rebate Program, qualified low income homeowners can receive a rebate of up to $7,500 for reimbursement of expenses incurred in completing approved repairs / improvements. Rebate amounts are calculated at 50% of the total cost of improvements and are disbursed after the homeowner has paid for the initial cost of the repairs/improvements. Participants may utilize the Rebate Program once within any 7 year period.
Loans provided under this program accrue simple annual interest at a rate of 3%, up to $25,000 with varying loan terms and monthly payment amounts depending on each applicant’s ability to repay the loan. However, households with limited disposable income may qualify to receive a deferred loan. Under the Deferred Loan program, qualified homeowners may receive a twenty-five (25) year loan with no required monthly payments.
Qualified households of single-family residences may receive assistance under a maximum of 2 of the city's home improvement programs. Households that qualify for participation in multiple programs may choose to use both sources of assistance simultaneously or on separate occasions.
|Number of Persons in Household
||Low Income Limits