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Program: Single Family Housing Repair Program

Agency: CITY OF STOCKTON


Resource Number: 92721031
Description

Offers a home repair loan with one percent interest and deferred principal payments for low-income homeowners.

Total loan is due at the end of 30 years or when the property is sold, refinanced, transferred, or death of owner (except for joint tenant survivorship) or breaches the agreement.

Loan can be used for repairs, accessibility, deferred maintenance, code violations, and in some cases, house reconstruction. The programs also require energy efficient and water conservation products.

Loans are not subordinate to future financing. They cannot be combined with "reverse" mortgages or used to take cash or equity out. Refinancing existing debt is allowed only in special hardship cases with extra evaluation.




Program Phones:
209-937-8539Housing Repair Program Number

Website: www.stocktonca.gov/housing
 Email: [email protected]

Location information
Stockton - Economic Development Department  
Location: 501 West Weber Avenue, Building 2, 4th Floor
Stockton, CA 95203 (Map)

Hours of operation 		Program Hours:
Website accessible Mon-Sun 24 hours. Office is closed on New Year's Day, Martin Luther King Jr's Birthday, George Washington’s Birthday, Memorial Day, Independence Day, Labor Day, Veteran's Day, Thanksgiving Day and the day after, Christmas Eve, Christmas Day, and New Year’s Eve.
Program Hours:

Open:
Closed:
Mon
8:30am
5pm		Tue
8:30am
5pm		Wed
8:30am
5pm		Thu
8:30am
5pm		Fri
8:30am
5pm


Disabilities Access: Potential limitations to access – call for details
Mailing Address: 501 West Weber Avenue, Stockton, CA 95203
Service Area:

Program Delivery
Eligibility: Meet program edibility criteria:

-Limited to homeowners who have lived in their property for at least 6 months before applying.
*In case of two units on one lot, owner must ensure the rental unit is occupied by a low-income tenant at an affordable rental rate set by the local Section 8 Housing Program, with the city monitoring the tenant's income for up to 20 years.

-Property must be in the limits of the City of Stockton

-Property loan-to-value ratio must be below 95% of the property value, and the owner's total debt to income ratio must not exceed 55%.

-Household income cannot exceed 80% of median family income, as adjusted annually:

Household Size / Max Allowable Gross Annual Income
1 / $60,550
2 / $69,200
3 / $77,850
4 / $86,500
5 / $93,450
6 / $100,350
7 / $107,300
8 / $114,200
Languages: English only
Application Process: Call or visit website for details
Program Fees: Call or check website for details. A monthly fee may be collected to cover property taxes and insurance.
Documents Required: Deed of Trust, Promissory Note, Loan Agreement, Truth in Lending Statement, Contract (between homeowner and contractor).
Service Area:
Defined coverage area:
CA-San Joaquin County-Stockton



 





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