Town of Mammoth Lakes, CA – The California Department of Housing and Community Development (“HCD”) has awarded the Town of Mammoth Lakes a $186,047 grant to administer a Housing Rehabilitation Program. Mammoth Lakes Housing, Inc. (MLH) as the “Program Operator,” will administer the program.
The funding may be used by property owners to update homes, attend to deferred maintenance, and address energy efficiency. Property owners in Mammoth Lakes can benefit from this subsidy in the form of deferred payment loans, below market interest rate loans, and grants.
Owners may use program funds to rehabilitate their home for the following eligible improvements:
1. Correct health and safety issues; 2. Converting to current Uniform Building Code; 3. Energy conservation improvements; 4. Extension of useful life (includes repairing siding, sheet rock, painting, new flooring, new cabinets, new interior doors, gutters and foundation upgrades and repairs); and 5. General property improvements.
To qualify for program funding, an existing homeowner must occupy the home and the household income must be equal to, or less than the following: 1 person $43,250 2 person $49,400 3 person $55,600 4 person $61,750 5 person $66,700 6 person $71,650 7 person $76,600 8 person $81,550.
Units must be located within the Town of Mammoth Lakes in order to qualify for rehabilitation funds. General property improvements that enhance the overall exterior appearance of the property will be limited to 15% of the rehabilitation loan amount.
Funds will be allocated on a ‘first come, first served’ basis until all funding is exhausted. All interested Mammoth Lakes property owners are encouraged to immediately contact Mammoth Lakes Housing for additional information, eligibility requirements, and an application.