Thinking about rebuilding the home you lost in 2018 Camp Fire? Town of Paradise's Owner-Occupied Rehabilitation Program can provide an attractive loan to rebuild. You will want to act quickly because they will stop accepting applications in 2025.
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Paradise, CA's Owner-Occupied Rehabilitation Program
This special loan program was launched to provide financial support to moderate-income families affected by the fires. The terms are very attractive with low-interest rates and flexible deferred payment terms. Deferred payments mean that you don't need to make monthly payment on the loan while you satisfy the terms of the loan. This program has served as a lifeline for families needing assistance to rebuild their homes or finance essential renovations and repairs.
Eligible families can access loans up to a certain amount, with repayment plans that are designed to be manageable for households earning a moderate income. The goal is to ensure that rebuilding Paradise remains financially viable for the many who lost their homes or saw them damaged in the fires.
Who Qualifies?
The program is specifically tailored for moderate-income families who meet the following criteria:
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Income: Applicants must fall within a specific income range. Generally, the program targets families whose income is below 80%. Please see below for the income limits by family size:
2024 Income Limits (80% AMI)
1 Person - $50,750
2 People - $58,000
3 People - $65,250
4 People - $72,500
5 People - $78,300
6 People - $84,100
7 People - $89,900
8 People - $95,700 -
Impact from the Camp Fire: Priority is given to those who were directly affected by the 2018 Camp Fire, particularly homeowners who lost their properties or experienced significant damage.
What Can the Loan Be Used For?
The loan can be applied toward a variety of rebuilding and recovery efforts, including.
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Home reconstruction or repair
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Site preparation and debris removal
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Infrastructure development (e.g., water, sewage, electrical)
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New home construction or purchase including site-built home and manufactured homes (mobile homes). If you want to explore rebuiling with manufactured homes in Paradise, contact us at 530-390-3902. We can help you as a licensed mobile home dealer.
- The home needs to be rebuilt in the same location. In the case of a home in mobile home park (manufactured home community), it needs to rebuilt in the same lot.
- If you are a former homeowner at Sherwood Forest Mobile Home Park or other mobile home parks in Paradise, contat us at 530-390-3902.
Act Fast: Deadline Approaching
The loan program is set to expire soon, and it will no longer accept applications starting next year. Families interested in applying for assistance should do so as soon as possible to ensure they don’t miss out on this opportunity.
With funding limited and time running out, potential applicants are encouraged to begin the application process immediately. Delaying could mean losing the chance to secure affordable financing to rebuild or renovate your home.
The program has helped hundreds of families get back on their feet, but with the December 31, 2024 deadline quickly approaching, time is of the essence.
For More Information or to Apply:
Interested residents can visit the program’s website or contact the local Paradise recovery office to learn more about eligibility requirements and the application process.
Don’t miss out on this final opportunity to secure affordable financial assistance in your recovery journey. Apply today at the Town of Paradise, and continue rebuilding Paradise!
Contact us to Build with Manufactured Home
If you are interested in rebuilding or building for the first time in Paradise or surrounding area, give us a call. As a manufactured home dealer, we may be able to help you. Manufactured homes can be built much faster and cheaper than site built home. We also have mobile homes for sale at Sherwood Forest Mobile Home Park that you can check out.
