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The Morgan Hill Redevelopment Agency has developed the Housing
Rehabilitation Loan Program to help maintain and improve the
City's existing stock of affordable housing. The program provides
low-interest loans to: 1) income qualified single-family owner
occupants and 2) owners of rental housing with income-qualified
renters.
The Program is administered by the Business
Assistance and Housing Services (BAHS) Department.
The Housing Rehabilitation Loan Program may be used in conjunction
with the Millennium Housing Paint Program and the Mobile
Home and Senior/Special Needs Housing Repair Programs.
What Are The Eligibility Requirements?
To qualify you must meet the following criteria:
- You either own your home or have residential rental
property.
- The property is located within the Morgan Hill City
limits.
- If you are a home owner occupant, your household meets
the listed income limits. If you own rental housing, 51%
of your units must be rented to low or very low-income
households.
Maximum Income Limits
|
Household
Income
|
Very Low
Income |
Lower
Income |
Median
Income |
Moderate Size
Income |
| 1 person |
$37,150 |
$44,310 |
$73,850 |
$88,600 |
| 2 persons |
$42,450 |
$50,640 |
$84,400 |
$101,300 |
| 3 persons |
$47,750 |
$56,970 |
$94,950 |
$113,950 |
| 4 persons |
$53,050 |
$63,300 |
$105,500 |
$126,600 |
What Repairs Are Eligible?
Loan funds will be used to correct code deficiencies and
health-and-safety items before beautification improvements
are allowed with remaining funds. Examples of eligible work
include:
- Plumbing and heating
- Electrical and lighting
- Earthquake retro-fit
- Fire prevention
- Security and safety items
- Roofing
- Handicapped accessability
- Termite and dry rot repair
- Other improvements may be approved by BAHS Department
staff
Maximum Loan Amounts
| Single Family Home (Owner
Occupied or Rental) |
Up to $40,000 |
| Rental, 2-4 units |
$10,000 per unit (maximum
of $40,000) |
| Mobile Home on owned space |
Up to $15,000 |
| Mobile Home on rented space |
Up to $7,500 |
Interest Rates
Owner Occupied Properties
| Very Low and Low Income
Loans |
3.0% |
| Median Income Loans |
4.0% |
| Moderate Income Loans |
6.0% |
| Rental Property Loans |
3.0 - 7.0% |
Loan Duration
The maximum loan term is 20 years. Depending on the requested
loan amount coupled with the applicant's specific financial
circumstances, loans may be either amortized or deferred.
For More Information
For an application or more information please contact Steve
Pendleton at the Business Assistance & Housing Services Department
at 408-776-7373 or at bahs@ch.morgan-hill.ca.gov.
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