Rental Rehabilitation Program

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.