Housing Rehabilitation Loan

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General Information

Phone: (530) 538-2495
Fax: (530) 538-2539
Email: housing@cityoforoville.org

NOW ACCEPTING APPLICATIONS

Overview

The Business Assistance and Housing Department can help with a LOW interest Housing Rehabilitation Loan. If your house is located within the city limits and your income falls within the program guidelines, you may qualify for a Housing Rehabilitation Loan. The City of Oroville conducts business in accordance with the Federal Fair Housing Law (The Fair Housing Amendments Act of 1988).

Housing Rehabilitation Program Brochure

Qualifying Conditions

Family gross annual income may not exceed the Butte County Area Median Income by the following:

Family Size	Annual Income
1	$81,150
2	$92,700
3	$104,300
4	$115,900
5	$125,150
6	$134,450
7	$143,700
8	$153,000

Special Conditions:

Loans are based on total household income and family size.

The City of Oroville has funds to make home repair loans. The funds are available to property owners to assist in eliminating slum and blighted homes, and to promote safe and sanitary living conditions. This loan offers:

Three percent (3%) interest rate with forgiveness
Loan payments deferred for 30 years
There is no pre-payment penalty for an early pay-off
Home must have equity
Home must be owner-occupied
Homeowner must have minimum credit score of 620 with nothing in collections and no past due accounts

Types of Repairs can include: