The City's housing rehabilitation loan programs provide opportunities for low-and very-low income homeowners to undertake critical, often deferred, home repairs. Repairs covered under these programs typically include such things as plumbing and electrical upgrades, foundation repairs, roof and gutter repairs or replacement, window and other weatherization upgrades, and any structural repairs necessary to maintain the integrity of a home. Loan applications are accepted throughout the year, and are processed as they are received. Currently, City loans are supporting the rehabilitation of more than 100 homes and 600 rental units.
The following housing rehabilitation loan programs are available through the City's Housing and Neighborhood Services Division:
Neighborhood Improvement Program
This program now offers a no-interest amortized loan to low-income homeowners (between 50% and 80% of the Corvallis median income level) for critical home repairs. ($50,000 - $100,000 is budgeted annually for these loans.)
Essential Repair Program
No-interest, deferred payment loans are available to very low-income homeowners (below 50% of the median income level), again for critical home repairs. ($75,000 - $125,000 is budgeted annually for these loans.)
Click here to review the current Corvallis median income figures for low-income and very low-income households. These figures will help you determine your eligibility for the City's loan programs.
For further information about any of these loans, contact:
Joe DeMarzo Housing Program Specialist
Housing and Neighborhood Services Division
P.O. Box 1083
Corvallis, OR 97339