Rental Rehabilitation Program

Rental Rehabilitation Program

Overview: Provides zero interest, forgivable loans to landlords for property rehabilitation to house low/moderate-income tenants.

Geographic Scope: Bowling Green, OH (implied within city limits)

Eligibility:

Landlords owning rental properties

Property must be rented to low/moderate-income persons

Income limits effective June 1, 2025: 1 person $53,100, 2 people $60,700, 3 people $68,300, 4 people $75,850, 5 people $81,950, 6 people $88,000, 7 people $94,100, 8 people $100,150

Maximum Assistance Allowed by Bedrooms:

0 bedrooms (Efficiency): $13,000

1 bedroom: $16,000

2 bedrooms: $18,000

3 or more bedrooms: $20,000

Loan Terms:

Interest Rate: 0%

Loan Period: 7 years

Forgiveness: Loan is forgiven at the end of 7 years if owner has not defaulted

Mortgage: A mortgage is placed on the property during the 7-year period

Default Consequence: If property is sold or title transferred before 7 years, or if owner defaults on program requirements, full loan amount is due immediately

Key Requirements:

Landlord must put at least 50% of construction costs into the project

Rent must be below current Fair Market Rents (established by HUD)

All repairs must meet State of Ohio's Residential Rehabilitation Standards and Wood County Health, Safety and Sanitation Regulations

Current Fair Market Rents (as of October 1, 2023):

Efficiency: $691

1 Bedroom: $753

2 Bedroom: $986

3 Bedroom: $1,307

4 Bedroom: $1,378

Ineligible Properties:

Multi-Unit Rentals are not eligible

Funding Source: Community Development Block Grant (CDBG) Entitlement dollars

Contact Information:

Phone: 419-354-6203

Email: cd@bgohio.org

Address: Community Development, 305 N Main Street, Bowling Green, OH 43402

Important: Assistance is contingent upon the availability of funds.