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VENTURA COUNTY ROUNDUP | East County / Simi Valley

City Home Loans for Repairs Approved

November 03, 2000|PAUL M. ANDERSON

City Council members have approved a new home loan program for homes needing emergency repairs.

Owners can apply for up to $7,500 to fix a problem that poses a safety hazard.

Instead of waiting several weeks or months for emergency aid, residents can now get home repair funds almost immediately.

The loan can be paid back at 3% interest when the house is sold or refinanced, city officials said.

The council approved the loan program at its Oct. 30 meeting.

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