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Home Improvement Program
The
City of Buena Park makes loans and gives rebates to qualified
home owners to improve the City's housing stock. The level
of assistance that the City may provide is determined by eligibility
based on household income. For more information, e-mail or
call Lou Ruiz at (714) 562-3589, or Chris
Mulligan at (714)
562-3593.
| Deferred Loan |
Income Eligibility:
|
80% or Below of Median Income |
| Maximum Loan Amount: |
$50,000 |
| Interest Rate: |
5% Simple, Payments Deferred
Until Sale or Transfer of Ownership |
| Term: |
15 Years or Upon Sale or Transfer
of Ownership or equity is taken out of property |
| Amortized
Loan |
| Income Eligibility: |
80% or Below of Median Income |
| Maximum Loan Amount: |
$50,000 |
Interest Rate:
|
3.0% |
| Term: |
15 Years or Upon Sale or Transfer of Ownership or equity is taken out of property |
| Rebate |
| Income Eligibility: |
80% or Below of Median Income |
| Maximum Rebate Amount: |
65% or Below = 40% Rebate but not exceeding $10,000
Between 65% & 80% = 30%
Rebate but not exceeding $10,000 |
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