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Housing Rehabilitation Loan Program

What is the program?

 

The Housing Rehabilitation loan program is available to low and moderate homeowners for taking care of health, safety and maintenance issues with their existing homes. Repairs may include, but are not limited to, plumbing, electrical, structural repair, roof repair/replacement, siding, paint, windows/door, insulation, heat system, floors.

 

 

This program is a loan program and qualified applicants will have a lien recorded against their homes in the amount of construction and loan fees. The loan is interest-free and requires no repayment as long as the borrower is living in the home. Repayment is required when the borrower moves out of the home, sells the home, or is deceased. Repayment is only accepted as a lump-sum payment. Early repayment is accepted.

Before

After

Before

After

Where is the service provided?

 

This program is available throughout Union, Wallowa, Baker and Grant Counties.

Who is eligible?

 

Eligibility requirements include income, ownership, home type, available equity, etc.

 

  • Must own or be buying your home.

 

  • Real Market Value of home must not exceed $195,000.

 

  • Manufactured homes built after 1976 will be considered if they are on the resident’s property and de-titled.

 

  • Owner must have sufficient equity. In other words, your home value must be greater than outstanding home loans by enough to fund the project and leave some equity in home.

 

  • Owner must currently have and maintain fire insurance equal to the value of the home.

 

  • Owners who are determined to be in flood hazard areas must have and maintain flood insurance for the life of the loan.

 

 

How to apply?

 

Download and print pre-application. [click here for pre-application] Send completed form to:

Community Connection of Northeast Oregon
2802 Adams Avenue
La Grande, Oregon 97850

 

Once pre-qualified, you will need to fill out and submit a full application including a large list of required documents. Contact the address above or call 541 963-3186.

 

 

When is the program available?

 

Housing Rehabilitation Loan program is available year-round while funding is available. Currently Community Connection is building a revolving loan fund that will be able to perpetually fund loans.

Brief Overview of the Process