City of Temecula Grants for Homeowners

The City of Temecula has several programs in place to assist your clients, existing homeowners and prospective homeowners. Starting with their First Time Home buyer Program – designed to help people who have not owned a home in the previous 3 years. If you’re buying a home but need some repairs to make it move-in ready, check out their Residential Improvement Loan Program. There are also grants available to Seniors to help with repairs for their homes – with no repayment required!

And their newest program is the Residential Energy Efficiency Program. This program is available in amounts up to $15,000 for low to moderate income homeowners for the repair or replacement of older heating and cooling systems, water heaters, insulation, windows and dolors.

For more information on any of these great programs, how to qualify and participating lenders and vendors, click on the following links or call the Citys Redevelopment Department or call them at 951-694-6412.

Residential Energy Efficiency Program (REEP)

The Residential Energy Efficiency Program (REEP) was established to encourage homeowners to make energy efficient improvements by repairing or replacing older heating and cooling systems, water heaters, insulation, window, doors, and/or implementing other energy saving measures.

First Time Home Buyer Program (FTHB)

The City of Temecula Redevelopment Agency (RDA) is offering a First Time Home Buyer Down Payment Assistance Program (FTHB). The primary objective of the First Time Home Buyer Program is to provide housing inventory on a continuing basis which will be available for purchase by first time home buyers of low and moderate income.

Residential Improvement Loan Program

The purpose of the Residential Improvement Loan Program is to provide assistance in exterior improvements to residences. Participants typically use the loan to repaint, repair, or replace roofs, garage doors, and/or fences.

There is no payment collected and the loan is forgiven after five years. If the participant sells the house within five years, the loan is repaid with 5% interest.

Senior Home Repair Grant

The City of Temecula offers one-time Grants of up to $3,000 to senior citizens for needed repairs to their homes. No repayment is required.

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The opinions in this commentary are strictly Gene Wunderlich’s personal opinions. While any reasonable and/or rational indivdual should agree wholeheartedly, the opinons reflected herein may not necessarily be those of the Southwest Riverside County AOR, ¬†or any local or state government or other mental institution.
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  • When the state of California took back all the redevelopment funds from Riverside county, it caused the city of Temecula to suspend their home ownership grants, energy efficient mortgage program, residential home improvement / renovation loan program, and repair grant options.

    Fortunately, there are still options for Temecula homeowners. There is the FHA energy efficient mortgage program (EEM), the FHA 203K Streamline renovation loan, and the state of California has a great first time home buyer program called CHDAP, that provides 3% down payment assistance.

    If anyone has questions, I might be able to answer them or refer you to someone you can trust.