PICO-UNION : Loans Offered for Housing Repairs

Residential property owners in the Pico-Union 1 Redevelopment Project area can apply for low-interest loans through the Community Redevelopment Agency to improve their homes or income properties.

The agency is providing loans at 3%, 5% and 7% interest for roof repairs, interior and exterior paint, new plumbing and electrical systems, new foundations and other repairs.

The program is available to residential property owners in the area bounded by Olympic Boulevard on the north, the Harbor Freeway on the east, Union and Burlington avenues on the west and the Santa Monica Freeway on the south.

Property owners who apply and qualify for the loans may also be eligible to receive grants of up to $7,500 for exterior improvements such as landscaping, sprinklers and fencing.

Information: (213) 385-6421.