Habitat for Humanity of Valencia County currently is not offering a home rehabilitation program because of  funding availability.  We do continue to accept applications should funding become available.

WHO CAN APPLY FOR A REHABILITATION LOAN?

WHAT KIND OF REPAIRS CAN BE MADE?

HOW DOES THE LOAN WORK?

WHAT IS THE INTEREST RATE?
There is no interest rate. Most loans are forgiven as the homeowners do intend to live in the home for the duration of the affordability period.

HOW IS THE LOAN SECURED?
A restrictive covenant and note is applied to the property that goes away after a period of time explained above.

WHAT SERVICES ARE PROVIDED?
Habitat for Humanity of Valencia County will act as your fiscal agent and perform home inspections, before, during and after the work, handle all exchanges of funds for the contractors, and perform all required paperwork to insure the project meets the compliance regulations from HUD.

HOW LONG DOES THE APPLICATION PROCESS TAKE?
Applications are taken annually for the program. It usually takes 3 months to complete the regulations once the applicant is approved, An additional 2 months for the rehabilitation work to be completed.

CAN I LIVE IN THE HOUSE DURING REHABILITATION?
That depends on how extensive the rehabilitation is. The rehabilitation can be extreme and the home may be unlivable during the process. In addition, contractors must have complete access at all time to complete the work. Therefore, you would have to relocate temporarily during the construction phase. Most applicants stay at family members or friends homes.

2006 ReHab Success Stories