Direct Homeowner Rehabilitation Loan Program
Direct Homeowner Rehabilitation Loan Program
0% - DIRECT HOMEOWNER REHABILITATION LOAN PROGRAM
THIS IS NOT A GRANT
The City of Altoona’s Department of Community Development administers a 0% interest loan program. Loans will be offered to owner-occupied units located in the City of Altoona. Income limits vary according to family size. Senior Homeowners: 0% interest deferred loans may be made to eligible homeowners who are at least 62 years of age.
Income Limits by Family Size
0%
| 1 Person | 2 People | 3 People | 4 People | 5 People | 6 People | 7 People | 8 People |
| $46,950 | $53,650 | $60,350 | $67,050 | $72,450 | $77,800 | $83,150 | $88,550 |
The Rehabilitation Process
The homeowner will apply for the City of Altoona's Direct Loan Program by contacting the Community Development Department, which will then forward an application to the homeowner. Once the completed application is received, along with appropriate documentation, Housing Rehabilitation Staff, a Lead-based Paint Risk Assessor and a Certified Radon Tester will conduct inspections of the property with the homeowner. Together they determine what work is to be done.
The Housing Rehabilitation Staff prepares a description of work and a cost estimate which the homeowner approves. From this, the City draws up bid specifications. When the homeowner approves the bid specifications, they are placed for bid to approved local contractors who will visit the home in order to prepare their bids. The bids are opened and reviewed.
At this time the loan decision is made, taking into account the amount of rehabilitation, individual's ability to repay the loan, credit history, and value of the house after rehabilitation. If the loan is approved, the monthly payment amount and term of rehabilitation assistance are established. Loan closing is then scheduled and all supporting papers are signed.
Work begins and is inspected by the City as the project progresses. The City issues contractor payments, as called for in the contract. When the work is completed, inspected, and approved by the City of Altoona Housing Rehabilitation Staff, the City of Altoona Codes & Inspections Department and the homeowner, the final payment is made.
05/2025