Resilience Loan Program

RESILIENCE
Home Improvement and Wildfire Preparedness Retrofit Program

The Resilience Loan Program helps Inland Valley homeowners of single-family homes, townhomes, condominiums, and manufactured homes on a permanent foundation to complete comprehensive home repairs and enhance their home’s defense against wildfire threats. Resilience provides up to $25,000 for eligible home repairs, including health and safety repairs, beautification projects, and energy efficiency upgrades. The purpose of the NPHS Renaissance Home Improvement Loan is to provide affordable loan terms to assist low-income single-family homeowners (earning below 80% of the Area Median Income) with access to affordable financing options for home improvement projects that will create safe, desirable, and sanitary housing. Most permanent interior and exterior improvements are eligible. Homeowners may also use the loan to finance repairs that will enhance accessibility for disabled individuals and improve the energy efficiency of their homes to save on energy costs. Permanent beautification upgrades that will help the borrower build equity, such as kitchen and bathroom remodels, will also be an eligible use of funds. Non-permanent upgrades such as furniture, non-permanent appliances, funds for working capital, debt services, refinancing existing debt, and work initiated prior to approval are not eligible for financing under the NPHS Renaissance Home Improvement Loan. Funding shall not be provided to rehabilitate or repair dwellings that contain illegal conditions such as, but not limited to, illegal room additions and garage conversions.

Resilience provides up to $50,000 if home repairs include the Wildfire Prepared Home® designation from the Insurance Institute for Business and Home Safety (IBHS) which will improve the likelihood of homeowners insurance coverage. (Contact your home insurance provider for more information).

Special financing incentives are to be provided for individuals making sufficient upgrades that make their home qualify for the Wildfire Prepared Home® designation through the Insurance Institute for Business and Home Safety. Manufactured homes must be on an FHA Title II permanent foundation with the homeowner owning the land it is placed upon. The assistance is provided in the form of a 20-year home improvement loan with an indexed interest rate that is tied to Freddie Mac’s Primary Mortgage Market Survey rate, which is updated at https://www.freddiemac.com/pmms/pmms_archives.

For individuals utilizing funds to obtain the Wildfire Prepared Home®, the interest rate will be .5% lower than the existing available rate, so long as that homeowner continues to maintain the Wildfire Prepared Home® designation during the duration of the loan. Additionally, applicants who apply and receive the Wildfire Prepared Home® designation will be eligible to apply for up to $50,000 loan rather than the $25,000 loan amount available through the NPHS Renaissance Home Improvement loan program.

Funding shall not be provided to rehabilitate or repair dwellings that contain illegal conditions such as but not limited to illegal room additions and garage conversions. Assistance is available to eligible owner-occupied homeowner of single-family homes, condominium, town homes, and manufactured homes on an FHA Title II permanent foundation in which the homeowner owns the land. Funds can be used to finance the cost of necessary housing repairs. Borrowers who wish to refinance their homes may only do so for a better rate and term from the first mortgage lender. Any cash-out refinance scenarios would trigger the NPHS Renaissance Home Improvement Loan becoming due in full. Funds are available on a first-come, first-served basis with a fully completed intake form.

The Inland Valley is considered San Bernardino, Riverside, and East Los Angeles County. The NPHS Wildfire Preparedness Home Improvement Loan Program will become due and payable to the Neighborhood Partnership Housing Services Inc., when the home is sold, refinanced, transferred, or at the end of the 20-year payment period, whichever comes first.

The NPHS underwriting and redevelopment staff can increase the funding amount for extenuating circumstances, such as, but not limited to, lead abatement due to exposure from the rehabilitative process to ensure that all health and safety issues are addressed. Minimum loan assistance is $10,000.00.

Applications should be submitted to Curtis Miller, Community Lending & Investment Manager via email at Curtis@nphsinc.org or in person at the NPHS Headquarters located at 9551 Pittsburgh Avenue, Rancho Cucamonga, CA 91730.