Rehab Funds Now Available in the Town of Mammoth Lakes!

July 1, 2015

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WASHINGTON, D.C. – July 1, 2015 – (RealEstateRama) — The Town of Mammoth Lakes now has funds through the Community Development Block Grant Program (CDBG) available for the rehabilitation of units within the town limits. Both owner-occupants and investors may be eligible.<span id="more-3701"></span></p> <p><strong>Some highlights of the program include</strong><strong>:</strong></p> <ul> <li>A limited number of $10,000 grants available for owners who are seniors (62+), need ADA upgrades, or earn less than 50% AMI.</li> <li>Owner-occupants must income qualify. Loans are deferred at 0% until the participant sells or transfers title or discontinues residence in the dwelling.</li> <li>Investors’ tenants must income qualify and a Rent Limitation Agreement must be entered. The loan is at 0%, but payments begin immediately.</li> </ul> <p>To read the program guidelines, please visit the <a href="http://mammothlakeshousing.com/rehab-weatherization/" target="_blank">Rehab & Weatherization</a> tab under the Resources page. For more information you can contact Mammoth Lakes Housing at (760) 934-4740 or<a href="mailto:info (at) mammothlakeshousing (dot) org" target="_blank">info (at) mammothlakeshousing (dot) org</a>.<br />+</p>  <script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><div class="td-g-rec td-g-rec-id-content_bottom"> <script type="text/javascript"> var td_screen_width = document.body.clientWidth; if ( td_screen_width >= 1024 ) { /* large monitors */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || []).push({}); } if ( td_screen_width >= 768 && td_screen_width < 1024 ) { /* portrait tablets */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || 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