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Housing Preservation Loan Program
The Housing Preservation Loan Program (HPP) focuses on preserving homes within the City of West Covina. The City Manager's Office through the Community and Economic Development (CED) division, makes loans available to moderate-income homeowners that are in need of exterior improvements. In addition, the CED works with code enforcement in providing loans to homeowners that have been identified as requiring exterior improvements to their home. The HPP is once again made available thanks to the City of West Covina City Council, who approved to reinstate the program.
For more information about the program please read the following information:
Applications are now being accepted to participate in the Housing Preservation Loan Program:
- Application (PDF) (Please Print 2-Sided)
- Information Flyer (PDF)
If you have any questions concerning the application, please email Gerardo Rojas or call 626-939-8417.
Over the past several years, a large percentage of the housing stock within the City has matured and is now in need of a face-lift. This program was adopted as part of the budget to protect, preserve, and improve the single-family housing stock in West Covina.
The Program will provide eligible, moderate-income West Covina homeowners a low-interest home improvement loan of up to $25,000. To be eligible, a single-family home must be the primary residence and the homeowner must have resided in the home for a minimum of twelve (12) months.
- Must be a homeowner residing within the City of West Covina.
- Maximum loan of $25,000 plus a $50 processing fee.
- Homeowners are required to execute promissory note secured by a deed of trust.
- Income must meet qualifying income guidelines (see below).
- A lead-based property inspection may be required.
2025 Maximum Income Limits
| Family Size | Annual Income | Family Size | Annual Income |
|---|---|---|---|
| 1 | $84,850 | 5 | $130,850 |
| 2 | $96,950 | 6 | $140,550 |
| 3 | $109,050 | 7 | $150,250 |
| 4 | $121,150 | 8 | $159,950 |
(Based on current effective median income of Los Angeles County. Revised annually as set forth in 25 Cal. Code Regs. Section 6932). As of 2025.
- When the property is sold or title is transferred (includes transfer within family).
- Upon the death of the Title holder(s) of the property (the homeowner(s)).
- Upon the homeowner refinancing their primary loan(s) or take-out financing.
- If the homeowner is in default of the loan agreement.
- When the property fails to be maintained according to City building codes.
- When the homeowner no longer resides in the house.
- Maximum Loan Amount: $25,000
- Interest Rate: 0%
- Fees to Borrower: $50 processing fee.
- $445 Lead-based paint inspection (may be required / may be financed into loan)
- Monthly loan payments will begin after year 5.
- Only licensed contractors can be used. All payments will be made upon completion of work.
- The City of West Covina does not subordinate loans approved under the Housing Preservation Loan Program.
- Reverse Mortgages do not qualify.
Phase One: Loan Application
- Application Submittal
- Pre-Qualification Approval / Denial
- Property Inspection by Staff
- Lead-Based Paint Property Inspection by City Contractor (see note)
- Certification of Approved List of Improvements
Phase Two: Loan Funding
- Applicant's Deposit for Lead Based Paint Inspection (see note)
- Execution of Loan Documents
- Authorization to Start Work
Phase Three: Construction Monitoring
- Completion of Work
- Lead Based Paint Clearance Inspection (see note)
- Homeowner Satisfaction Statement
- Payment of Contractor
Phase Four: Loan Repayment
- Loan Repayment
Note: These steps are required for certain Loans, based on funding.
Whether it is getting loan assistance or housing upgrades, there are housing resources available for homeowners.