Single Family Residence Rehabilitation Loan Program
The City of Tacoma offers a Single Family Residence Homeowner Occupied Rehabilitation Loan program. The program is designed to assist low and moderate-income Tacoma homeowners in preserving the quality and stability of their home. Loans up to $60,000 are available.
Program Eligibility
This program is available to homeowners of owner-occupied, single-family residential properties in Tacoma. Households must earn 80% or less of the area median income (see table below for maximum income limits), as determined by the U.S. Department of Housing and Urban Development. The loan may be used for home repairs that are necessary to maintain the health and safety of the home and its occupants.
Homeowners must be current on mortgage payments, property taxes and property insurance to qualify for this program. Owners of mobile homes, condominiums, attached townhomes, duplexes, and homes that are for sale are not eligible for the Single Family Residence Homeowner Occupied Rehabilitation loan program. Owners with a reverse mortgage on their home do not qualify for this program. Homeowners must not have received any direct rehabilitation grant or loan funds from the Tacoma Community Redevelopment Authority, Rebuilding Together South Sound, Tacoma Home Repair Program and or Tacoma-Pierce County Habitat for Humanity, Aging In Place Critical Home Repair Program, for a period of 60 months prior to submitting a loan application.
Loan Details
Loan amounts may range from $15,000 to $60,000. The loan carries a one percent (1%) simple interest and, depending on the condition and income status of the homeowner, may not require a monthly payment.
Under the Hardship Rule; if the homeowner(s) household income is at or less than 50% of the area median income, is a senior citizen (62 years-of-age), or is permanently disabled, the homeowner(s) will qualify for a zero percent deferred, up to 20-year loan.
The loan will become due and payable once the home is refinanced, the home's title is transferred to another owner or the homeowner receiving the loan no longer lives in the residence. This program is completely voluntary, with assistance offered on a first-come, first-serve basis while funds are available.
Examples of Eligible Repair and Rehabilitation Work
- Roof replacement
- Exterior and interior painting
- Window replacement
- Carpet and flooring replacement
- Heating and air system replacement
- Electrical work
- Sewer repair or installation
- Termite and pest repair
- Repair/replace concrete that presents a safety concern, such as sidewalks, driveways, and ADA ramps
- Door and window screen repair or replacement
- Foundation or structural repairs
Tacoma Metro Area
CDBG Program Income Limits
Income Limits Effective May 1, 2024
|
Household Size
|
30% of Median Income
|
50% of Median Income
|
60% of Median Income
|
80% of Median Income
|
|
1
|
$24,350
|
$40,550
|
$48,660
|
$64,900
|
|
2
|
$27,800
|
$46,350
|
$55,620
|
$74,150
|
|
3
|
$31,300
|
$52,150
|
$62,580
|
$83,400
|
|
4
|
$34,750
|
$57,900
|
$69,480
|
$92,650
|
|
5
|
$37,550
|
$62,550
|
$75,060
|
$100,100
|
|
6
|
$40,350
|
$67,200
|
$80,640
|
$107,500
|
|
7
|
$43,100
|
$71,800
|
$86,160
|
$114,900
|
|
8
|
$45,900
|
$76,450
|
$91,740
|
$122,300
|
If your home is in need of health or safety related repairs, is located within City of Tacoma limits, meet income requirements, and would like to receive further information on the loan program including an application packet, please contact the Single Family Rehab Program at (253) 594-7933 or SingleFamilyRehab@CityofTacoma.org. Email is the best way to get this process started. Please note: once your email is received it will take three to five business days to respond back. Thank you.