TL;DR (generated · confidence: high)

The Home Repair Grants program (Package 23,642) provides 0% interest, zero-payment loans to low and moderate-income homeowners for critical repairs and accessibility modifications. The recommended reduction of $400,000 in funding supports 10–20 loans/grants annually and is administered by Portland Housing Bureau's Neighborhood Housing Program through eight service providers, including four culturally-specific organizations.

Key points (each cites a PDF page):

Program provides 0% interest, zero-payment loans with forgiveness after 15 years for homeowners who remain in home. (p. 746)
Recommended funding reduction: $400,000 from General Fund Discretionary. (p. 746)
$400,000 equates to 10 to 20 loans/grants annually. (p. 746)
Maximum loan amount up to $40,000 to address electrical hazards, roofing, furnaces, porches, and accessibility modifications. (p. 746)
Administered by Portland Housing Bureau's Neighborhood Housing Program (NHP) with contracts to eight service providers, four of which are culturally-specific organizations. (p. 746)
Program targets vulnerable populations, low-income, elderly, and communities of color to prevent displacement and support age-in-place housing. (p. 746)
PHB funds home repair grants, loans, and lead remediation for families with children under age six. (p. 746)

💰 $400,000 · $40,000 · 📋 Home Repair Grants · Home Repair Loan Program · Neighborhood Housing Program (NHP) · Lead Hazard Control Program · 🏛️ Portland Housing Bureau

23,642

Source: PDF p. 746 · raw: 746

Breadcrumb: 4 ced › Comm-EcDev-DPs › Package Details › 23,642

23,642 - Home Repair Grants Service Area Community & Economic Development DCA Donnie Oliveira Bureau Name Portland Housing Bureau Director Helmi Hisserich Funding Type Name Reduction Status: Recommended Package Desc Expense Recommended Total The Home Repair Loan Program provides a 0% interest and zero payment loan to help eligible External Materials and Services ($400,000) homeowners with low and moderate incomes make critical home repairs to continue living safely in ($400,000) their homes. There are no monthly payments and the loan is forgiven after 15 years, as long as the homeowner remains in the home for that time. The program increases the livability and safety of Revenue Recommended Total homes by addressing electrical hazards, leaky roofs, broken furnaces, collapsing porches, and more, as well as provides accessibility modifications to help homeowners live independently in their home. General Fund Discretionary ($400,000) It assists homeowners who receive a housing code violation to correct the conditions cited, with the maximum loan amount up to $40,000. ($400,000) Service Impacts $400,000 equates to 10 to 20 loans/grants. Home Repair Loan Services are administered by PHB’s Neighborhood Housing Program (NHP). The program serves to prevent displacement of long-time community residents by helping current homeowners retain their homes through home repair programs, foreclosure prevention counseling, and retention services. Funding for home repair grants and loans helps current low-income, vulnerable homeowners maintain their homes safely and age- in-place. Grant and loan programs are meant to improve the condition of existing housing and address the impact that unsafe housing conditions can have on health and safety. Equity Impacts Home repair programs such as the home repair grant, home repair loan, and lead hazard control program, preserve quality housing and protect City investments. PHB seek to advance equity by targeting vulnerable populations, low-income, elderly, and communities of color to ensure their participation in the economic opportunities that quality housing investments create and provide the means to retain their homes and age-in-place safely and affordably. Success in this program would increase homeowners’ quality of life, support neighborhood stabilization and generational wealth, and improve health outcomes for these vulnerable populations. PHB funds home repair grants, loans, and lead remediation for families with children under the age of six. NHP has sub-recipient contracts with eight service providers, four of which are culturally specific organizations.

Parent: Package Details · PDF: p. 746