Owner Occupied Rehabilitation

Eligibility Requirements

The following requirements must be met in order for the Housing and Community Development Department to provide assistance under the program administration guidelines.

The following requirements must be met:

Location - Property must be located within the city limits of Orlando. You can check to see if your property is located within City limits by visiting
www. ocpafl.org/searches/address_form.html or you may call (407) 246-2708.

Property Ownership - The property must be owner –occupied. You will need to provide a copy of your deed. Mortgage and property taxes must be current. You will need to provide mortgage statements and proof of paid taxes.

Homeowner must have a current home insurance policy on the residence.

Income Verification - Your income must be within the limits specified by the United States Department of Housing and Urban Development (HUD). You will need to provide income information for all members of the household. Self employed applicants must provide profit and loss statements and/or a signed copy of your last year tax return.

DEFERRED LOAN

The amount of assistance that a homeowner qualifies for is determined after the applicant and the home have completed the qualification process.

Once the amount of assistance has been established, the homeowner will enter into a deferred loan agreement with the City. A lien between 1 and 15 years will be recorded on the property depending on the loan agreement amount.