Fountain Valley is offering a Home Improvement Program with federal grant funds to low-income homeowners to make necessary repairs. The city is also offering rebates and deferred loans. These funds are available for disability modifications, homeowner’s and mobile homes.
A letter sent to some residents stated “Fountain Valley residents have consistently expressed that clean, well-maintained neighborhoods are a high priority. Well-maintained neighborhoods have proven to increase property values, providing a higher standard of living and promote community pride. I know that home repairs can be costly, I wanted to let you know that the city has a program that may be able to help you with the cost for needed repairs. The City of Fountain Valley Home Improvement Program assists qualified low-income households…”
Home Improvement Program Qualifications
Qualifications for the program grant, rebate or loan are based on household income and persons living in the household.
Household liquid assets must be below $50,000, unless a resident is over 59 and a half, then they may have $100,000 with some conditions. IRA’s, 401K and other deferred savings are not considered liquid for the Home Improvement Program.
Homeowners cannot have any rental properties or real estate other than their primary residence.
Various repairs will be covered under the improvement program. Any existing repairs and renovations will be inspected and brought into compliance. Health and safety related issues and code violations will be included before general improvements or elective repairs.
According to the Home Improvement Program flyer “Rehabilitation work may include; interior and exterior painting, accessibility modifications, stucco repair, roof repair, plumbing, electrical and heating system, termite eradication and damage repair, weatherization, flooring, doors and windows, and room additions in overcrowded situations.”
The Disability Modification Grant Program is new and will assist residents with modifying their homes to accommodate their disability.
Funding for the Home Improvement Program are secured through federal avenues and distributed through 6 grants: The Single-Family Home Grant of up to $14,000, and Single Family Rebates up to $7,500 and Low-Interest Loan Programs up to $50,000.
The Mobile Home Rehabilitation Grant goes up up to $11,000 and Mobile Home Rebate Programs up to $5,000.
The Disability Modification Grant Program gives up to $5,000.
According to FountainValley.org ” The City of Fountain Valley Home Improvement Program grants, rebates, and loans, are funded through a grant received from the U.S. Department of Housing and Urban Development’s (HUD) Community Development Block Grant (CDBG) Program.”