City of La Mirada/La Mirada Redevelopment Agency

 

FOSTER PARK HOME IMPROVEMENT PROGRAM

 

 

The Foster Park Home Improvement Program are designed to assist eligible homeowners in the Foster Park neighborhood to improve deteriorating conditions of their property and correct existing code violations.

 

FP HIP Application (PDF format, requires Adobe Acrobat Reader*)

 

Program Descriptions

 

EMERGENCY GRANTS

 

This emergency grant is for specific emergency repairs up to $5,000 to address immediate health and safety risks, such as a leaky roof, broken water or sewer pipes, lack of cold/hot water, broken or clogged waste line, and broken or cracked gas line.  Repayment required if certain conditions are triggered within one year.

LOW-INTEREST DEFERRED LOANS

 

This loan is designed for exterior and/or interior repairs and improvements.  The maximum loan amount is $30,000, with 3% annual simple interest.  The loan is secured by a deed of trust and does not need to be repaid until the property is sold, refinanced, no longer owner-occupied, or ownership is transferred.  At that time, the loan and interests are due and payable.

 

ELIGIBILITY

 

To qualify for assistance, both the homeowner and the property must satisfy specific eligibility criteria.

 

·        Property must be a single-family detached home located within the Foster Park Neighborhood in the City of La Mirada.

·        Applicant must be on title and occupy the property.

·        Total gross household income must not exceed the following 2006-07 income limits based on household size:

 


Household Size

Maximum Income

Household Size

Maximum Income

1

$ 47,200

5

$ 72,800

2

$ 53,900

6

$ 78,200

3

$ 60,700

7

$ 83,600

4

$ 67,400

8

$ 89,000

 

RULES & GUIDELINES

 

1.      Homeowners may participate in all programs they may be eligible for, but may only participate in each type of assistance once.

2.      All improvements must be completed within 90 working days of issuance of Notice of Proceed.

3.      All contractor perfoming work must have a current State Contractor’s License and the City’s business license.

4.      Improvements completed prior to the funding of the grant/loan cannot be reimbursed by the assistance program.

5.      The following adminstrative fees and lead and asbestos testing fees will be paid for by the loan/grant proceeds:  up to $1,174 for the Loan, up to $658 for the Regular Grant, and up to $68 for the Emergency Grant.  Fees may change without prior notice.

6.      Funding is based on a first-come first served basis.

The City withholds the right to deny assistance at any time if any false information is found on the application.

 

LEAD-BASED PAINT & ASBESTOS

 

All participating properties receiving a low-interest deferred loan or a grant are subject to lead-based paint and asbestos regulations.  If test are positive, a grant of up to $2,500 is available for the abatement of the property.

 

Common Reasons for Denial

 

·        High Loan-to-Value

·        More than 2 Mortgages/Liens on Property

·        Unpaid Property Taxes and/or Property Tax Liens

·        Income Tax Liens Due to Unpaid Income Taxes

 

For more information, contact the City’s Housing Technician at (562) 943-0131.