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General Plan - Moreno Valley

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CHAPTER 8 – HOUSINGMORENO VALLEY GENERAL PLANPolicyPrograms4.1.03 The EDD, CDBG funded Housing Specialist will develop, implement and monitor aCDBG funded Deferred Loan Housing Improvement Program to assist lowerincomeowner occupants of single-family homes in rehabilitation of substandardhousing conditions, with the goal of assisting at least 10 households per year.UpdateThe Home Improvement Loan Program (HILP) was established in 1991 and has been thecore of the City’s rehabilitation program. Through HILP, 3% payment deferred loans areavailable to low and very low-income homeowners. Through the years, leveraging state andfederal housing funds has enhanced the program budget.SingleFamily Units RehabilitatedResultsFunds Loaned28 $568,473 22 See Table 1Page 8-101 July 11, 2006

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