Resilience Loan Program

How it works

The Resilience Loan Program is a 20-year home improvement loan from NPHS for eligible homeowners in the Inland Valley. It is designed to help complete comprehensive home repairs and improve a home’s defense against wildfire threats. The program uses an indexed interest rate tied to Freddie Mac’s Primary Mortgage Market Survey rate.

What the money covers

Funds can be used for most permanent interior and exterior improvements, including:

• Necessary housing repairs
• Health and safety repairs
• Accessibility improvements for disabled individuals
• Energy efficiency upgrades to help save on utility costs
• Permanent beautification projects that can help build equity, such as kitchen and bathroom remodels

The page also says the loan may be used to address issues such as lead abatement if needed so that health and safety issues are addressed.

Amounts and special wildfire incentive

• Up to $25,000 is available for comprehensive home repairs.
• Up to $50,000 is available if the repairs include the Wildfire Prepared Home® designation from the Insurance Institute for Business and Home Safety (IBHS).
• The page also states a minimum loan assistance amount of $10,000.
• Applicants who apply for and receive the Wildfire Prepared Home® designation are eligible for the higher loan amount and a .5% lower interest rate than the existing available rate, as long as they continue maintaining the designation during the loan term.

How it works for borrowers

The program is a loan, not a grant. It is due and payable when the home is sold, refinanced, transferred, or at the end of the 20-year payment period, whichever comes first. Borrowers may only refinance for a better rate and term through the first mortgage lender; cash-out refinancing causes the loan to become due in full.

How to apply

Applications should be submitted to Mel Dimacali, Director of Community Lending and Investment, by email or in person at NPHS Headquarters in Rancho Cucamonga. The page says funds are available on a first-come, first-served basis with a fully completed intake form.

Timing and deadlines

The page does not list a closing date. Availability is first-come, first-served, so funding depends on when a completed intake form is submitted.