Housing

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Housing_1

The West Covina Community and Economic Development (“CED”) has been a leader in providing affordable housing opportunities in the City, addressing affordable housing needs in a very proactive manner. Since 1971, the West Covina CED has provided funding to rehabilitate over 2,283 affordable housing units through its Housing Programs, assisted 142 first time home buyers through the previously implemented First Time Homebuyer program, and produced an excess of 525 housing units over the inclusionary housing requirements (with full compliance of the Health and Safety Code with respect to affordable housing). The CED has partnered with housing developers to increase the supply of affordable housing residences for very low to moderate-income individuals/families. These partnerships have resulted in safe, sanitary, and first-class homes for families and seniors in need.

West Covina CED is currently providing residents with a home rehabilitation loan program: the Housing Preservation Loan Program (HPP).


Home Preservation Program (HPP)

Must be a homeowner within the city of West Covina

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Income must meet qualifying income guidelines

Moderate-Income

Maximum loan of $10,000 plus a $50 bank-processing fee

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Interest Rate 5% after 10 years

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Eligible Improvements

Exterior Only

 

The program is income restricted and is intended to protect and preserve the single-family housing stock.

  • Under the Housing Preservation Program (HPP), over 347 loans have been issued since inception in 2000.

The Housing Preservation Loan Program (HPP) has been re-implemented for the fiscal year 2015/2016.   At this time applications are being mailed to interested residents.  Please visit our Housing Preservation Loan Program page for additional information.

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