Earlier editions: 2026-09
Title 11 — REHABILITATION ASSISTANCE PROGRAM
Tulare Municipal Code Ch. 11.20 Limitations on Amount of Loan
Tulare Municipal Code · 2026-10 edition · updated 2026-10-03 · Tulare
Cite as: Tulare Municipal Code Chapter 11.20 · Text as of 2026-10-03
§ 11.20.010 Maximum indebtedness on property.¶
Outstanding loans on the property to be rehabilitated, including the amount of the loan for rehabilitation, shall not exceed 95% of the anticipated after-rehabilitation fair market value of the property to be rehabilitated, as determined by the City Manager, except that the Loan Committee may authorize loans of up to 110% of the anticipated after-rehabilitation fair market value of the property if:
(A) There is demonstrated need for such higher limit; and
(B) There is a high probability that the value of the property will not be impaired during the term of the loan.
(1995 Code, § 11.20.010) (Ord. 99-1847, passed - -1999)
§ 11.20.020 Maximum amount of loan.¶
The maximum amount loaned for rehabilitation for each residential dwelling unit within the meaning of the term as defined in this title shall be $75,000.
(1995 Code, § 11.20.020) (Ord. 06-2005, passed 2-21-2006; Ord. 99-1847, passed - -1999)
§ 11.20.030 Limitations on use of loan for general property improvements.¶
No more than 20% of any loan for residential rehabilitation shall be used for general property improvements, except that in the case of owner-occupied, one-to-four residential dwelling unit properties, up to 40% of the loan may be used for general property improvements.
(1995 Code, § 11.20.030) (Ord. 97-1800, passed - -1997)
§ 11.20.040 Costs incidental to obtaining fee title.¶
A RAP loan may include necessary and reasonable costs incidental to obtaining fee title to the property to be rehabilitated. Such costs may include costs of assuming an existing obligation on the property or the necessary and reasonable costs of obtaining a new loan.
(1995 Code, § 11.20.040) (Ord. 97-1800, passed - -1997)
§ 11.20.050 Limitation based on fair market value of work.¶
Prior to the granting of any loan under this title, a qualified rehabilitation inspector will certify in writing that the estimated cost of the recommended work as detailed in the job specifications is reasonable. Prior to the payment of the last installment due under the contract, the rehabilitation inspector will make an on-premises inspection and sign a certificate of completion and conformance certifying that the work as outlined in the job specifications has been completed satisfactorily.
(1995 Code, § 11.20.050) (Ord. 97-1800, passed - -1997)
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