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Multi-Family Rental Rehabilitation Program
In order to maintain as many affordable units as possible for
Buena Park residents, the City sponsors a rental rehabilitation
program. The program is designed to help apartment building owners
renovate and repair units in return for renting 51% of the units
at levels affordable to low-income residents. E-mail or call Lou Ruiz at (714) 562-3589 for more information.
| Maximum Loan Amount: |
$15,000 Per Unit, to a Maximum
of $120,000 |
| Interest Rate: |
0% |
| Term: |
30 Years or Upon Sale or Transfer
of Ownership |
| Owner’s Match: |
10% |
| Affordability Requirements: |
20% of Units Affordable to 45% of Median Income
31% of Units Affordable to 60% of Median Income
Units Must Remain Affordable For Life of the Loan |
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