HomeMy WebLinkAbout02.09.21 Flyer for CalHOME Rehabilitation and Reconstruction Loans_Redacted
From:Hatcher, Casey
To:Alpert, Bruce;Bennett, Robin;Clerk of the Board;Connelly, Bill;Cook, Holly;Cook, Robin;Kimmelshue, Tod;
Lucero, Debra;Paulsen, Shaina;Pickett, Andy;Ring, Brian;Ritter, Tami;Rodas, Amalia;Sweeney, Kathleen;
Teeter, Doug
Cc:Boston, Shelby;Kim, Sang
Subject:Flyer for CalHOME Rehabilitation and Reconstruction Loans
Date:Tuesday, February 9, 2021 9:37:04 AM
Attachments:ButteCountyWildfireReconstructionAssistanceFlyer.pdf
Good morning Supervisors
The County was awarded $10,080,000 for CalHOME disaster assistance, which provides deferred
payment, low interest loans to eligible property owners in the unincorporated area of Butte County
who are rebuilding after a disaster or who generally need repairs to their homes.
These funds are targeted to serve low and moderate income households. For the Camp Fire, income
can be up to 120% of area median income. For all other applicants, income can be up to 80% of area
median income. North Complex Fire survivors ARE eligible for these funds and must meet the criteria
as a household up to 80% area median income.
We know the flyer has a lot of information on it, but we want potential applicants to have the
eligibility details. We will also be working with our community partners to get this information to fire
survivors and homeowners in the community in need of home repairs.
The Regional Housing Authority administers this program on behalf of Butte County. Please ask
interested fire survivors to contact the Regional Housing Authority directly at (530) 671-0220 Ext.
128 to apply.
Please contact me directly with any questions.
Thank you.
Casey
Casey Hatcher
Deputy Chief Administrative Officer
Butte County Administration
25 County Center Drive, Suite 200, Oroville, CA 95965
T:
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P ROGRAM E LIGIBILITY
B UTTE C OUNTY W ILDFIRE
Property must be located in the un-incorporated
H OUSING R ECONSTRUCTION
Butte County limits
P ROGRAM
Homeowners must commit to using all building in-
surance proceeds and all other financing and dis-
Butte County has State CalHome Funding to assist
aster assistance provided for the purposes of reha-
Camp Fire, North Complex Fire, and 2017 Wildfire Sur-
bilitation or reconstruction prior to calculation of
vivors to reconstruct or rehabilitate their homes de-
the loan including insurance funds, FEMA funds,
stroyed or damaged in the wildfires. Camp Fire and
State funds, or any other funds received from any
2017 Wildfire Survivors must have a combined house-
source for the purpose of their home rehabilitation
hold income of 120% or less of the Area Median In-
or reconstruction
come (AMI) and North Complex Fire Survivors must
have a combined household income of 80% or less
Reconstruction or rehabilitation of the home may
AMI. All homes receiving assistance must be owner-
not have commenced
occupied. Homeowners that were uninsured at the
Applicant must have been an owner-occupant of
time of the wildfire are encouraged to apply.
the affected housing unit at the time of the disaster
F INANCING T ERMS
Any assisted home must have an after
rehabilitation or afterreconstruction value at or
All loans for homes on permanent foundations are de-
below the current local median sale price of a sin-
ferred payment loans for 30 years with 0% interest.
glefamily home, using the most recent median
Loans are secured with a Deed of Trust and are due
sale price for the County posted at the California
and payable 30 years from loan recording.
Association of Realtors website at https://
Loans for manufactured housing in mobile home parks
www.car.org/marketdata/data/countysalesactivity
will be due and payable in 20 years, with 10% of the
currently $408,460
original principal to be forgiven annually for each addi-
tional year beyond the 10th year that the home is
Applicant must be owner on title with no liens
owned and continuously occupied by the borrower.
Applicant must not have a pending bankruptcy
M AXIMUM LOAN AMOUNT
Applicant must not have a reverse mortgage
Maximum loan amount is $150,000. Loan amount is
determined per project. Homeowners are required to
Applicant must be current on property taxes
commit all funds received for housing reconstruction
Applicant must provide all supporting documenta-
towards their project.
tion for housing reconstruction funds from all
S TATE I NCOME L IMITS(120%AMI)
sources
Homeowner must continuously occupy the home
1 Person $59,400
as their principal residence for the full term of the
2 Persons $67,900
loan or the loan becomes due and payable
3 Persons $76,350
Homeowner must maintain appropriate home, fire,
4 Persons $84,850
and flood (if applicable) insurance for the full loan
5 Persons $91,650
6 Persons $98,450
term
7 Persons $105,200
S TATE I NCOME L IMITS(80%AMI)
1 Person $39,600
-
2 Persons $45,250
3 Persons $50,900
-
4 Persons $56,550
5 Persons $61,100
6 Persons $65,600
7 Persons $70,150