City of Huntington Park
Owner-Occupied
Rehabilitation Program
OWNER
- Property must be owner-occupied.
- Property must be a single-family detached unit, condominium, townhouse, or manufactured home on a permanent foundation.
- Applicant household income cannot exceed 80% of Los Angeles County Area Median Income (AMI).
- The minimum loan amount to an eligible Borrower will be $10,000 unless the home needs reconstruction. If the home needs reconstruction, the maximum loan amount will be $100,000.
PROPERTY GUIDELINES
- The property must be located within the City of Huntington Park’s 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 (including 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, where it has been determined by the Recipient that it is infeasible to rehabilitate the home.
LOAN TERMS
- No monthly payments are required
- Principal and interest payments shall be deferred for the term of the CalHome Program Loan.
HOW TO APPLY?
The City of Huntington Park has been awarded the CalHome Grant to assist individual first-time homebuyers through deferred-payment loans for down payment assistance and home rehabilitation.
Please complete the form, and we will be in touch with you as soon as possible.