Seniors Get Loans to Repair Old Homes

Jessica Flores

Seniors Get Loans to Repair Old Homes

CREATED Mar. 13, 2012

COACHELLA- Coachella city homeowners may now have a way to fix up old homes. The city of Coachella will offer rehabilitation loans.
"I know for a fact that these houses are old like we are," said Noelia Gonzalez, a Coachella city homeowner.

The federal government awared the city a $330,000 grant to fund the loans. Low income seniors qualify, as do families making below 50 percent of the county median income.

"Much of the housing here in this community is anywhere between 10-30 years old. These dollars that come from the federal government allow us to reinvest in our neighborhoods," said Coachella City Mayor Eduardo Garcia.

The loans allow homeowners to make repairs to heating and cooling systems, plumbing, roofs and doors and windows.

"It means a lot for my house because my house really needs it. It needs a brand new roof," said Annie Torres, a homeowner in Coachella, who has been in her hosue since the 1960s.

"We would love to see neighborhoods with new paint, new roof and perhaps even promoting water conservation landscaping to ensure that water conservation and energy efficiency is as at the top of the rehabilitation program," said Garcia.

The city council is set to vote to lower the the loan $75,000 to $30,000, and decide  if the money should extend to mobile homes.

The loan money is granted yearly, and sure to go fast.

Jessica Flores, KMIR6 News.