Key Features of the Rental Property Rehabilitation Program

The purpose of the Rental Property Rehabilitation Program is to enhance residential neighborhoods while increasing the supply of rental units that are affordable to lower income families.  The following are key components of the program:

• The program provides a 3% amortized 15 year loan
• 100% of loan balance forgivable over time
  Loan may be assumed
• Owner may finance existing first trust deed
• $25,000 per unit maximum

25% of the units are to be occupied by families not exceeding 80% of the median income for the Los Angeles area as indicated in the table below:

# Person in Household	Income Limits
1-Person Household	$42,450
2-Person Household	$48,500
3-Person Household	$54,600
4-Person Household	$60,650
5-Person Household	$65,500
6-Person Household	$70,350
7-Person Household	$75,200
8-Person Household	$80,050

Income eligible families must pay affordable rents (less a reasonable allowance for utilities).  Currently, those rates are:

Studio/Efficiency Room	$629.00 per month
1 Bedroom	$717.00 per month
2 Bedroom	$807.00 per month
3 Bedroom	$897.00 per month

Funding is based on availability and assistance is on a first-come, first-serve basis.  (All construction work needs to be pre-approved by the Burbank Redevelopment Agency).

Property owners must make every effort to advertise the availability of vacant units throughout the community

Technical Assistance includes:

• Preparation of work write-up and cost estimate.
• Assist with bidding, contract administration, construction activity monitoring, and payment disbursement.

For further information on any of the Residential Rehabilitation Programs, please contact:

City of Burbank
Residential Rehabilitation Program
275 E. Olive Avenue
Burbank, CA 91502-1267
818.238.5180 and ask for Marcos Gonzales

Rental Application

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