Funded by
State and Federal grants, our housing programs offers low-interest,
deferred, (no monthly payment) loans, to low- and moderate-income
residents of Paradise. Housing Rehabilitation Program
Homeowners who meet income eligibility guidelines may apply for this low-interest loan for home repairs which could include this partial list of projects:
*
Roofing
*
Flooring
*
Electrical
*
Plumbing, including septic system repairs/replacement
*
Handicap Accommodations
*
Complete Home Rehabilitation
First-Time
Home Buyer Program
The Town of Paradise provides a deferred loan to eligible first-time home buyers. The loan provides a bridge between what borrowers can afford on their own and the amount needed to purchase a home. The loan is secured by a note and a deed of trust on the home. It does not require monthly payments. Repayment of the loan is required when the home is sold; the family stops using it as their principal residence; or title is transferred out of the names of the original borrowers. At the time the loan is repaid, the Agency collects its original loan amount, plus interest or a share of the homeowner's equity.
