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Rebuild

Posted on: March 4, 2019

Disaster Assistance Loan Program for Coffey Park Homeowners

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Eligible Coffey Park area homeowners whose homes were damaged or destroyed in the October 2017 wildfires, and who have not yet begun to rebuild, are able to apply for gap funding of up to $100,000 through the City of Santa Rosa’s CalHome Disaster Assistance Loan Program.

The City of Santa Rosa will host a community meeting to explain the program in more detail and answer questions on Monday, March 11, 2019, at 6:00pm at Finley Community Center, 2060 W College Ave, Santa Rosa.

In August 2018, the Housing Authority of the City of Santa Rosa applied for a $1.2 million CalHome Disaster Assistance grant from the California Department of Housing and Community Development. In September, Santa Rosa was notified that it was awarded the full amount of $1.2 million. To best utilize these funds, the Housing Authority is offering low-interest, deferred payment loans as gap financing for the reconstruction or rehabilitation of income-qualified, owner‐occupied, single‐family homes generally located in the Coffey Park area.
The objective of the Loan Program is to provide financial assistance to eligible households in the form of gap financing after insurance proceeds or other financing have been applied. Eligible borrowers must be households with incomes up to 80% of Adjusted Median Income (AMI), adjusted for household size, who resided in their homes before the disaster, and must intend to be the owner‐occupants of the home when work is complete. An income chart along with a complete list of eligibility criteria can be found at srcity.org/RebuildingFinancialAssistance.

Applications will be available beginning March 11, both online and at the Community Meeting. Completed applications will be accepted March 18, 2019 thru April 15, 2019. Completed applications can be submitted by U.S. Mail or dropped off at the Department of Housing & Community Services, 90 Santa Rosa Avenue, Santa Rosa, CA 95404.

Homeowners with questions regarding the CalHome Disaster Assistance Loan Program may contact Nancy Manchester, Program Specialist in the City of Santa Rosa Housing & Community Services Department at (707) 543-4339.

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