The City of Pomona’s Housing Services Division is excited to announce the new Multi-Unit Rental Rehabilitation Deferred Loan Program, providing financial incentives for owners of rental properties to improve their units while supporting low-income families. For more details on the Multi-Unit Rental Rehabilitation Deferred Loan Program, including eligibility requirements and additional restrictions, please contact the City of Pomona Housing Division: (909) 620-2368 or rentalrehabprogram@pomonaca.gov. This program is a valuable opportunity for property owners to improve their units and support our community’s families.

Program Overview

Through this program, property owners of multi-unit residential buildings with 3-11 units within Pomona can receive a deferred loan of up to $30,000 per unit to assist with eligible property improvements. The loan term is 10 years with 0% interest. Beginning at year six, the loan reduces by 20% annually and is fully forgiven after ten years.

Owner Contribution

While the City provides substantial funding, property owners are required to contribute a portion of the project’s total cost. For example, on a $130,000 project for a 4-unit property, the City may provide up to $120,000, while the owner covers the remaining $10,000. Additionally, 10% of the City loan must be allocated for lead testing and abatement.

Eligible Improvements

The City’s funding covers a variety of essential property improvements, both interior and exterior. However, any existing code violations or safety hazards must be addressed before other upgrades are made. Eligible improvements include:

- Exterior and interior painting

- Roof repair or replacement

- Electrical wiring upgrades

- Kitchen remodeling

- Heating and plumbing repairs

- Accessibility modifications

- Energy efficiency upgrades

- Lead, mold, and asbestos removal

- Window and door repair/replacement

- Structural repairs for safety