The City assists the homeowner in obtaining cost estimates for the repairs and finding a contractor to do the work. The loans are used to fix problems with electrical, plumbing, and heating systems. They are also used to repair roofs, paint, and replace carpeting. In 1993 the Fortuna Redevelopment Agency developed a business loan program to help local businesses expand and to assist people in starting a new business. If a person can obtain a loan from a bank, they do not qualify for the program.
Security needs to be provided by the borrower.
Fortuna is the only community in Humboldt County that has collected on all the loans made.