The Housing Division is proactively addressing this need by offering the Rental Rehabilitation Loan Program. Eligibility All rental properties, with the exception of mixed use, are eligible to participate. Properties in designated target areas as determined from time to time will receive priority consideration. If the number of units consists of 5 or more, rents must be occupied by Low income households. Detailed scope or work or bid and proposal from contractor.
Currents rent roles.
Draft management and tenant selection plan. Description of Development Team, if appropriate. Maximum term of 30 years. Eligible Uses of Funds Hard and soft costs of rehabilitation. Funds may not be used for developer fees.