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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 of 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 homeowners.
The Home Improvement Program (HIP) offers technical and financial assistance to qualified homeowners to compute eligible improvements such as necessary repairs to correct health and safety deficiencies and code violations. Two separate forms of financial assistance are available under the programs:
- Loan Program - This program assists very low-moderate income homeowners in maintaining their property by providing a loan of up to $40,000 at 0% interest and no monthly payments. Mobilehome owners may receive a loan for up to $15,000 also at 0% interest and no monthly payments. This is a loan, and it must be repaid. Refer to the Income Eligibility Table, under median income, for qualifying incomes.
- Grant Program - Grants up to $5000 to very low-income, single-family and mobile homeowners to complete minor home repairs. This is a grant, and does not require repayment provided that the owner resides in the home for one year receiving the grant. Refer to the Income Eligibility Table, under very low-income, for qualifying incomes.
- Download HIP program flyer
For detailed information on the above housing programs, call (951)736-2260.
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