Low-Cost Loans Available For Rebuilding In Paradise

Feb 27, 2020

A couple embrace while searching through their home during the Camp Fire in Paradise, Calif.
Credit Noah Berger / AP Photo


There’s additional hope for Camp Fire survivors wanting to rebuild in the town of Paradise who are also short on cash.

 

New state money is available to help fill the hole between fire survivor’s assets, and the cost of rebuilding their home.

Collette Curtis, analyst and spokeswoman for the Town of Paradise, said the money comes from the California Department of Housing and Community Development. 

 

“It is gap financing, so that means someone would come in with maybe some insurance money, but maybe that just isn’t quite enough to rebuild, and we can offer up to $205,000 in low-interest deferred loans, so it can be a great resource for those who qualify,” Curtis said.  

 

The program does have income limits, she said. It’s also currently only available in Paradise, not the entire burn scar.  

 

County officials said they are seeking approval of a similar program for unincorporated areas. 

 

Curtis said those interested in the current program should speak with the town’s rebuild advocates.  

 

“They are in the Building Resiliency Center Monday through Friday, 8 to 5,” Curtis said.

 

The center is in the old Bank of America building at 6295 Skyway in Paradise.