City Home Loans for Repairs Approved
- Share via
City Council members have approved a new home loan program for homes needing emergency repairs.
Owners can apply for up to $7,500 to fix a problem that poses a safety hazard.
Instead of waiting several weeks or months for emergency aid, residents can now get home repair funds almost immediately.
The loan can be paid back at 3% interest when the house is sold or refinanced, city officials said.
The council approved the loan program at its Oct. 30 meeting.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
