Town of Paradise officials learned Monday (Feb. 24) that the municipality received a $23 million housing grant from the state to aid low-income residents.
The CalHome funds, from the Department of Housing and Community Development, will provide for low-interest loans that cover the gap between insurance coverage and rebuilding costs. The grant expands an existing program of owner-occupied rehabilitation to incorporate reconstruction.
“The idea is really to help people who don’t have resources to rebuild on their own,” Colette Curtis, assistant to the town manager, told the CN&R.
Residents can apply immediately by calling the town’s Housing Department at 872-6291, extension 122, or emailing email@example.com. Paradise expects the new funding by early summer, Curtis said, but has previously awarded CalHome funds available.