Loan Program
The City provides low interest (0 to 3%) deferred payment loans to seniors, persons with a disability and families of low and moderate income who own and occupy their homes and need financial assistance to make repairs and improvements. The loan is secured by the Deed of Trust and payment is deferred until the sale, transfer of ownership, refinancing of the home, or 30 years from the date shown on the signed Deed of Trust and Promissory Note. Interest is calculated at 0% for senior citizens (62 years and older) and handicapped/disabled citizens and 3% simple interest rate for all others based on the principal owed.
These loans may be used for both exterior and interior property improvements. All improvements must be approved by the City of Rosemead’s Community Development Department prior to the work being done. All improvements must be done by a contractor who is properly licensed through the State of California and the City of Rosemead.
Grants Program
Grants are available to senior citizens (62 years or older) and disabled citizens for up to $10,000, at no cost to the homeowner, for repairs related to interior and exterior code deficiencies and general home improvements.
Emergency Grant Program
Emergency grants are available to all eligible income qualified applicants. The maximum emergency grant is $2,000 for corrections to emergency code deficiencies that constitute an immediate health-safety issue. Owner occupants are eligible for one (1) emergency grant.
Rebate Program
Rebates are available to income eligible homeowners, for correction of code deficiencies and general home improvements to the exterior of the house. Fifty percent (50%) rebates up to $15,000 may be obtained from the City after the homeowner satisfactorily completed the work and payments to contractors. Owner-occupied are eligible for one (1) rebate.
Eligible Improvements
Eligible improvements under these programs include, but are not limited to; roofing, weatherization (windows, doors, insulation), heating, plumbing, electrical, painting, stucco driveways, fencing (for the rear of the property), window screens, fumigation, and carpeting. Some mandatory improvements include such items as installation of smoke detectors, security locks on all doors, and windows, and attic insulation. Improvement must be approved by the City of Rosemead’s Community Development Department before work begins.
Eligibility Requirements
Applicants must reside in the City of Rosemead, own and occupy the home, and have income levels as follow:
Family Size Maximum Family Income:
1 Person $46,400
2 Person $53,000
3 Person $59,650
4 Person $66,250
5 Person $71,550
6 Person $76,850
7 Person $82,150
8 Person $87,450
Participants must submit the following documentation along with home improvement application.
- Copy of ownership (Grant Deed, Deed of Trust, Quit Claim Deed)
- Copy of Drivers License or I.D. Card of each person in title and each household member eighteen years or older.
- Copy of Social Security Card for each person on title.
- Verification of income of all household members (i.e. Paycheck stubs for the last six months, and W-2, IRS Form 1040, or Social Security Award Letters, and Annual Dividend Statements, Annual Pension Statements.)
- Copy of Bank Statement for the last six months (i.e. CD’s IRA’s, Annuities, Stocks)
- Current Property Tax Statement.
- Documentation of the two most recent mortgage payments.
- Copy of current property Hazard Insurance.
- If self-employed, please provide prior two years income Tax Return (all attachments) including profit and loss.
For more information about the programs or qualifications please call:
Marcy Marquez
Grants Specialist
(626) 569-2119
mmarquez@cityofrosemead.org