Under State law, Redevelopment Agencies are required to set aside 20% of the funds received from a redevelopment project area for the creation and preservation of affordable housing. The Redevelopment Agency for the City of Corona has traditionally accomplished this goal through implementation of housing programs that provide a wide range of assistance to improve our neighborhoods and support the needs of senior citizens and existing home owners. Home Improvement Grant and Loan ProgramsThe Home Improvement Programs offer technical and financial assistance to qualified home owners to correct health and safety deficiencies and code violations. Two separate forms of financial assistance are available under the programs: Home Improvement Loan Program (HIP) - This program assists low- and ve...
Comments
0