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                     Housing Resources-Rental Rehabilitation Program
   
                        










 Rental Rehabilitation Program 

The Rental Rehabilitation Program (RRP) utilizes Community Development Block Grant (CDBG) and HOME Investment Partnership Act funds to offer rental property owners low-interest financing for the cost of repairs on single-family and multi-family investment rental property. The property must have structural damage to at least one (1) major system component, to include:

  • Mechanical;
  • Electrical;
  • Plumbing;
  • Foundation; and/or
  • Roof
Public loans are available year round, providing a ready source of financing for investors. Property owners must rent the rehabilitated units to low-income families at Fair Market rates or below. 

Public loan conditions state that the owner must:

  • Maintain the project as residential rental property for the term of the loan;
  • Maintain the property according to the San Antonio Uniform Building Code; 
  • Provide evidence of paid annual taxes and secured fire and extended insurance coverage for the property. 

Since 1992, the RRP has participated in the rehabilitation of 1,773 rental property units, with the average public investment of $5,570 per unit. Three of the multi-family projects have included historic structures located within the downtown area; the Calcasieu , the Maverick and the Robert E. Lee Apartments.


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