Housing Rehabilitation Loan
En Espaņol
Our Rehabilitation Loan program helps Home Owners and Investors preserve and upgrade their home(s) with a low interest loan. These funds are made possible through the Community Development Block Grant Funding program. The following information is a general over view of the program.
Funding Availability Status:
A waiting list is being accepted. We do not require a down payment to participate in the program.How do I qualify for assistance?
Home Owners:
- Live in a home located within the city limits of Turlock that needs repair.
- Income at 80% or below the median for Stanislaus county. Qualification depends on the number of people in the household and is subject to change. See the following income table.
| Income Table | ( HUD CDBG Limits - Effective June 15, 2024 ) | |
| Number in Household | 80% of the Median income for Stanislaus County |
| 1 | $51,050 |
| 2 | $58,350 |
| 3 | $65,650 |
| 4 | $72,900 |
| 5 | $78,750 |
| 6 | $84,600 |
| 7 | $90,400 |
| 8 | $96,250 |
Investor Owned:
- Tenants must live in a unit within the city limits of Turlock and have income at 80% or below the median for Stanislaus county.
- Investor must demonstrate the ability to repay the loan while maintaining affordable rent.
- Have good credit.
What work can be done with the loan money?
A home is an investment that brings joy to a family and must be protected from the weather and normal wear. A home will deteriorate quickly if not maintained.The following are some of the areas that can be repaired with loan funds:
Electrical
Plumbing
Roofing
Broken Windows
Foundation
Pest Control
Interior/ Exterior Paint
Floor Coverings
Fencing
Bathroom & Kitchen Remodel
Some improvements that can not be done are:
Barbecue Pits
Greenhouses
Kennels
Swimming Pools
Free-Standing Kitchen Appliances
Spas
Sprinkler Systems
What are the loan interest rates?
Housing Rehabilitation loans are available at the following annual percentage rates for a term of up to 20 years.Home Owner: 0% interest for fully amortized loans, 2% interest for deferred loans
Investor Owned: 3% interest
The loan amount is determined by the scope of the work to be performed.
A deferred payment plan is available for Home Owners with very low income.
How do I get started?
Call the Housing Program Services Division today at (209) 668-5610 or TDD 1 800 735-2929 for more information.The Staff will:
- Assist you with application forms.
- Perform an on-site survey of your property; work with you to determine what repairs need to be addressed.
- Obtain bids from qualified contractors.
- Monitor the construction process.
Housing Rehabilitation Loan
Housing Rehabilitation Loan-Investor Brochure