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Home Improvement Program Flyer

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Home Improvement Program Flyer WHO IS ELIGIBLE? WHAT WORK IS ELIGIBLE? HOME City of Fountain Valley homeowner occupants All previous renovations not properly permitted with gross annual income that does not exceed must be brought into compliance through the the limits established by the U.S. Department IMPROVEMENT program. All health and safety related of Housing and Urban Development (HUD): problems and code violations (e.g. faulty wiring, unsanitary plumbing and unpermitted PROGRAM # of Family Low structures) must be included in the program Members Income Limit before general improvements or elective items 1 $75,300 can be considered. 2 $86,050 Rehabilitation work may include; interior and 3 $96,800 exterior painting, accessibility modifications, 4 $107,550 stucco repair, roof repair, plumbing, electrical 5 $116,200 and heating system, termite eradication and 6 $124,800 damage repair, weatherization, flooring, doors 7 $133,400 and windows, and room additions in over- 8 $142,000 crowded situations. Households’ liquid assets must not exceed PLEASE NOTE: $50,000 and includes all funds held in savings, All Improvements must be completed by a checking, money market, brokerage and trust Licensed General Contractor in good accounts. Assets held in Individual Retirement standing with the California State Accounts (IRA’s), 401(k) and other qualified Contractor’s License Board. All contractors must also carry current general deferred compensation retirement accounts, liability and worker’s compensation and whole life and whole life derivative insurance policies, and must obtain a City insurance policies shall not be considered liquid of Fountain Valley Business License. for the purposes of this program provided that CITY OF FOUNTAIN VALLEY no holder of said accounts is greater than fifty- HOUSING & COMMUNITY DEVELOPMENT nine and one-half (59 ½) years of age. In the HOW DOES A HOMEOWNER APPLY? 10200 SLATER AVENUE event that one or more account holders FOUNTAIN VALLEY, CA 92708 exceeds fifty-nine and one-half (59 ½) years Obtain an application from the Fountain Valley (714) 593-4510 of age and the gross household income (not Housing and Community Development Division WWW.FOUNTAINVALLEY.ORG adjusted for business losses) is less than or located in City Hall at 10200 Slater Avenue. equal to 30% of the Orange County median City Hall business hours are Monday through income adjusted for family size, the liquid Thursday from 7 a.m. to 5 p.m. and we are asset limitation shall be $100,000. closed on alternate Fridays. You may also obtain an online application by visiting: Ownership of rental property or other real http://www.fountainvalley.org/327/Housing- estate holdings other than household’s primary Community-Development. All applications are residence is prohibited. processed on a first-come first-serve basis. UPDATED 06/15/2021 The City of Fountain Valley Home SINGLE-FAMILY HOMES MOBILE HOMES 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. SINGLE-FAMILY GRANT: MOBILE HOME GRANT: AVAILABLE TYPES OF ASSISTANCE Up to $14,000, no repayment is required! Up to $11,000 ($13,500 if roof replacement Grant is available on a one-time basis only. is needed), no repayment is required! Grant For over 30 years, the City of Fountain Valley is available on a one-time basis only. has designated a significant portion of its DISABILITY MODIFICATION GRANT: housing and community development Up to $5,000, no repayment is required! DISABILITY MODIFICATION GRANT: resources to the goal of preserving and Grant is available on a one-time basis only. Up to $5,000, no repayment is required! enhancing the City’s existing housing stock. In Grant is available on a one-time basis only. support of this goal, the City of Fountain Valley SINGLE-FAMILY REBATE: is offering federal funds to qualified Up to $7,500 for reimbursement of MOBILE HOME REBATE: homeowners. The City of Fountain Valley expenses incurred in completing necessary Up to $5,000 for reimbursement of Home Improvement Program provides financial repairs and approved improvements as part expenses incurred in completing necessary assistance to qualified low-income of the Home Improvement Program. Rebate repairs and approved improvements as part homeowners in making needed repairs to their amount is calculated at 50% of the total of the Home Improvement Program. Rebate homes. These programs include the Single- project cost and is disbursed after the amount is calculated at 50% of the total Family Home Improvement Program Grants, homeowner has paid for the initial cost of the project cost and is disbursed after the Rebates and Loans, the Mobile Home repairs and improvements. Repeat assistance homeowner has paid for the initial cost of the Rehabilitation Program Grants and Rebates, is allowed for rebates once every seven repairs and improvements. Repeat assistance and the Disability Modification Grant. years. is allowed for rebates once every seven years. LOW INTEREST DEFERRED LOAN: Up to $50,000. Loans provided under this program accrue simple annual interest at a rate of 3%. Qualified homeowners may receive a twenty-five (25) year loan with no required monthly payments. Full repayment of the loan and accrued interest is due at sale or transfer of property. .
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