A Rental Rehabilitation Program to provide deferred loan assistance to apartment owners in certain areas of Los Angeles has been announced by the city through the Community Development Department and Community Redevelopment Agency.
The city will accept letters of intent--the deadline is Feb. 19--from landlords whose properties meet the requirements for participation in the program. A total of $8,612,000 is available to rehabilitate apartments in lower-income areas and, additionally, Section 8 certificates for rental payment assistance will be available for eligible tenants of buildings improved under the program.
The city will select, on a priority basis, rental buildings in designated low-income areas that are on the city's seismic deficient listing or that have units with two or more bedrooms. In addition, the buildings must have 70% of the units occupied by low-income tenants and must need immediate rehabilitation help.
Interested apartment owners may obtain a fact sheet and letter of intent application form from the Community Development Department's Housing Division, 215 West 6th St., seventh floor, Los Angeles 90014.