Households who own and occupy their home and are age and income qualified may be eligible for Owner-Occupied Rehabilitation Programs offered by the City of Rosemead. Through these programs, funds are available to assist low- and moderate- income (0 to 80% of Maximum Federal Income) homeowners in making certain rehabilitation improvements and upgrades to their single-family residence. Households must income qualify based on guidelines below:
2022 Maximum Income Guidelines
|
Household Size
(No. of persons)
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
|
Max. Allowable
Annual Income
|
$66,750
|
$76,250
|
$85,800
|
$95,300
|
$102,950
|
$110,550
|
$118,200
|
$125,800
|
Based on HUD’s FY 2022 Income Limits for Los Angeles County
Funds for these programs are limited and allocated on a first-come, first- served basis. The various programs the City offers are as follows:
|
Program
|
Description
|
Amount
|
Frequency
|
|
Emergency Grant
|
Emergency grants
are available to eligible senior citizens (62 years and older) for
corrections to emergency code deficiencies which constitute an immediate
health and safety risk.
|
Maximum of
$2,000
|
(1) emergency grant
|
|
Handyman Grant
|
Grants are
available to eligible senior citizens (62 years and older) or
handicapped/disabled citizens who need financial assistance for critical
health and safety related improvements. The grant may be used for repairs
related to code deficiencies such as new roofs, smoke detectors, and exterior
painting.
|
Maximum of
$15,000
|
(1)
grant every five (5) years with a maximum of three (3) grants
|
|
Deferred Loans
|
The Loan Program
provides homeowners financial assistance for housing rehabilitation or
reconstruction by providing a zero to three percent (0% to 3%) interest,
deferred payment loan.
To maximize the
effectiveness of the Loan Program as a vehicle for enhancing affordability,
there would be no payments on both the principal or interest of the loan
until its maturity date, which is 30 years from the signed Deed of Trust and
Promissory Note.
In the event of
the sale of a home, transfer of the home, or death of homeowner, the
principal and interest are due and payable. Interest is calculated at zero
percent (0%) for senior citizens (62 years and older) and
handicapped/disabled citizens. For all
others, interest is calculated at a three percent (3%) simple interest rate
on the principal owned.
After-rehab property
value cannot exceed 95% of the median purchase price for homes in the area,
as approved by HUD.
|
Based on
improvement costs and funding availability without
going over the loan-to-value limit
|
(1)
Loan
|
Eligible Improvements
Eligible improvements under these programs include, but are not limited to; roofing, weatherization (windows, doors, insulation), heating, plumbing, electrical, painting, window screens, fumigation, carpeting, etc. 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 and must be done by a contractor who is properly licensed through the State of California.
How to Apply
Please download a pre-application here, and submit to the Rosemead Housing Division for pre-screening of program eligibility.
A Housing Division member will review the pre-application and make contact to provide a status and next steps.
If you have any questions regarding this application or need further assistance, please contact the Housing Division at (626)569-2140 or by email at [email protected].