HOUSING REHABILITATION LOAN PROGRAM

Housing Rehabilitation Loan Program Brochure

The County of El Dorado’s Housing Rehabilitation Loan Program is designed to assist low income families with home repairs to correct health and safety issues or to meet code compliance standards. These loans are available to homeowners in the unincorporated areas of the County. Funding is provided through the Community Development Block Grant (CDBG) Program, the County's revolving loan fund and the HOME Investment Partnership (HOME) Program.

Eligible applicants must meet the following requirements:

  • Household income at or below 80% area median based on household size (see the State CDBG and HOME's Table of Income Limits for current figures at www.hcd.ca.gov/hpd/hrc/rep/state/incNote.html)
  • Own their home
  • Home must be in need of repair being requested. The priority will be the elimination of health and safety hazards
  • Live in the unincorporated areas of El Dorado County

The loan program includes:

  • Interest rates as low as 3% for up to 15 years
  • Loan amounts up to $40,000 (CDBG) or subsidy limits (HOME)
  • Low interest loans up to $40,000
  • Loan repayment may be reduced or deferred depending on an applicant’s ability to pay
  • Loans may be used to weatherize homes, repair and replace roofs and foundations, upgrade plumbing and electrical systems, eliminate termite problems, replace heating/air conditioning units, replace siding, and more

This program is designed as a gap financing program for applicants that would not qualify for a bank loan due to limited resources/income. Loans are available to eligible applicants on a first-come first-served basis while funding lasts.

The Community Development Block Grant (CDBG) Program can also provide loans to rental property owners who rent to income qualified families in the unincorporated areas of the County.

For more information about this program call (530) 621-5158.

The County of El Dorado is an Equal Housing Lender and does not discriminate on the basis of religion or religious affiliation, age, race, color, ancestry, national origin, sex, marital status, familial status (children), physical or mental disability, sexual orientation, or other arbitrary reason.