What are the requirements for the home repair programs?
For the Home Repair Loan Program (i.e., owner occupied single-family residences and mobile homes), the following applies: • Household income must be below eighty percent (80%) of San Diego area median income (AMI), as determined by household size. • Assistance is provided through a low-interest deferred loan of up $25,000 for a single-family residence ($20,000 City of Encinitas) and $8,000 for a mobile home ($7,500 City of Encinitas). • Deferred loans are offered to qualifying applicants. If you qualify for this loan, you can borrow funds at three percent (3%) simple interest, which is calculated annually on the unpaid principal only. The loan is due and payable when your property changes title through sale, transfer, or death, or when you no longer reside in the residence or in 30 years, whichever comes first.
