Riverside County government has a strong commitment to ensure there is an ample supply of affordable and suitable housing made available to all persons, regardless of their economic status or functional ability. The following Riverside County EDA Housing Programs are offered to meet the goal and objectives of the County’s Consolidated Plan and Redevelopment Housing.
Neighborhood Stabilization Program
- Neighborhood Stabilization Program (NSP) - The primary objective of NSP is to stabilize neighborhoods in areas with greatest need and stem the decline of house values of neighboring homes. The County offers various programs for certain activities available to public agencies, private non-profit organizations and for-profit organizations to address these needs.
Homeownership
- Neighborhood Stabilization Homeownership Program (NSHP) - Purchase price assistance and optional home repair to qualified first-time homebuyer families for the purchase of foreclosed homes throughout Riverside County in designated Target Areas.
- Mortgage Credit Certificate (MCC) - Intended for interested homebuyers, the MCC entitles qualified homebuyers to reduce the amount of their federal income tax liability. This tax credit effectively increases the homebuyer's purchasing power, which helps them qualify for a mortgage.
- First-Time Home Buyer (FTHB) Program – Down-payment Assistance for qualified first time home buyers to purchase a new home.
- Redevelopment Homeownership Program (RHP) – Down-payment assistance for first-time homebuyers of low to moderate income to purchase a home within the unincorporated areas of the County of Riverside and County Redevelopment Areas. For more information email Bernadette Cruz.
- Mobile Home Tenant Loan (MHTL) Assistance Program - Loans for qualified mobile home/coach owners who are tenants of unpermitted mobile home parks.
Home Repair – Improving Conditions of Substandard Housing
- Home Repair Program (HRP) –The HRP provides one-time grants to qualified low-income homeowners to repair or improve the quality of their homes. The grant allows homeowners to address both interior and exterior health and safety issues, Housing Quality Standards (HQS) and enhance the exterior appearance of their properties.
- Senior Home Repair (SHR) Program – The SHR Program provides one-time grants to qualified low-income senior homeowners (62 years or older) or low-income handicapped persons of any age to repair or improve their homes. The grant requires that the repairs and or enhancements address health and safety issues exclusively.
- Manufactured Home Replacement Program (MHRP) – MHRP provides assistance to low-income households for the replacement of existing substandard owner-occupied mobile homes and ancillary infrastructure improvements in the unincorporated areas of the County of Riverside and within County Redevelopment Project Areas. Assistance is provided in the form of a zero percent (0%) interest loan secured by a deed of trust against the property for an amount to replace the substandard unit inclusive of all related ancillary costs.
Housing Development – New Construction, Acquisition and Rehabilitation
- Home Investment Partnerships Act (HOME) Program - Intended for builders and developers, the HOME Program is designed to provide development of affordable housing to lower-income households, to expand the capacity of non-profit community housing development organizations (CHDOs), and to strengthen the ability of state and local governments to develop and implement affordable housing strategies towards local needs and priorities. HOME Portfolio of Projects
- Infill Housing Program – The Infill Housing Program, “Build 2005”, is designed to promote the development of affordable single-family housing on previously vacant or blighted lots. The program requires the new homes be sold as affordable owner-occupied housing to low-income households with emphasis within the County’s Redevelopment Project Areas.
- Redevelopment Agency (RDA) Housing Projects – On an ongoing basis, the RDA solicits proposals from builders and developers to expand affordable housing opportunities for low-income and special needs households in the unincorporated areas of the County of Riverside and within County Redevelopment Project Areas. RDA Housing Application
Rental Assistance
Homeownership Education Learning Program - HELP