City of Bell Gardens

Owner Occupied

Rehabilitation Program

PROGRAM OVERVIEW
Effective October 05, 2020

Owner

Property must be owner-occupied.

Loans to Households at or below 80 percent of AMI.

The maximum Loan amount by an award recipient to an eligible Borrower will be $10,000, unless the home is in need of reconstruction. If the home is in need of reconstruction, the maximum Loan amount will be $100,000.

Property
Guidelines

The property must be located within the Bell Gardens city limits/boundaries.

Owner-Occupied Rehabilitation Assistance (including repair, full reconstruction, or the addition of an ADU or JADU) for Loans to Households at or below 80 percent.

All assisted units shall have After-Rehabilitation Values at or below the current local median sales price of a single-family home.

Occupancy Ratio: No more than 1.5 people per living space (living space includes bedrooms, living room, family room, den/study).

CalHome program funds in support of an Owner-Occupied Rehabilitation program shall be used only for the following costs: (a) Cost of Rehabilitation of the property ). (b) Cost of building permits and other related government fees. (c) Cost of an appraisal, architectural, engineering, and other consultant services that are directly related to the Rehabilitation of the property. (d) Non-recurring Loan closing costs. (e) Replacement cost of a manufactured home not on a permanent foundation up to the maximum amount published in the current NOFA in the case where it has been determined by the Recipient it is infeasible to rehabilitate the home. (f) A CalHome program ADF in an amount not to exceed the maximum amount published in the current NOFA per Assisted Unit will be reimbursed in the form of a Grant from the Department to the Recipient.

Property
Guidelines

Loan
Terms

No monthly payments are required.

Principal and interest payments shall be deferred for the term of the CalHome program Loan.

Loan
to Apply

The City of Bell Gardens has been awarded the CalHome Grant which provides assistance to eligible homeowners for repair, full reconstruction, or the addition of an ADU or JADU.

Please find a complete list of preferred contractors that are permitted and bonded per City of Bell Gardens.

CONTACT FORM