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The original item was published from 3/4/2019 5:52:42 PM to 3/5/2019 11:02:24 AM.

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Posted on: March 4, 2019

[ARCHIVED] Disaster Assistance Loan Program for Coffey Park Homeowners

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Eligible Coffey Park area homeowners whose homes were damaged or destroyed in the October 2017 wildfires and who have not yet begun to rebuild will be able to apply for gap funding of up to $100,000 through the City of Santa Rosa’s CalHome Disaster Assistance Loan Program. 

JOIN US FOR A COMMUNITY MEETING TO LEARN MORE

Monday, March 11, 2019
6:00 - 7:00pm
Finley Community Center, 2060 West College Ave, Santa Rosa

Applications will be available March 11 at the meeting and online. Completed applications will be accepted starting March 18, 2019, until the deadline of April 15, 2019. 

Visit the program page for more information and to view an income eligibility chart.

Background
After the 2017 wildfires, the Housing Authority of the City of Santa Rosa applied for and was awarded a $1.2 million CalHome Disaster Assistance grant from the California Department of Housing and Community Development. To best utilize these funds, the Housing Authority is offering low-interest, deferred payment (silent‐second) loans as gap financing for the reconstruction or rehabilitation of income-qualified, owner‐occupied, single‐family homes located in the Coffey Park area. 

The objective of the Loan Program is to provide financial assistance to eligible households in the form of gap financing after insurance proceeds or other financing have been applied. Eligible borrowers must be households with incomes up to 80% of Adjusted Median Income (AMI), adjusted for household size, and must intend to be the owner‐occupants of the home when work is complete.

Additional Info...
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