Local News in Brief : Pico Rivera : Quake Loans Available
Property owners whose homes were damaged in the October earthquakes can now apply for low-interest loans at City Hall.
Homeowners would not have to pay off the 3% deferred-interest loans until the property is sold or ownership is transferred. The maximum loan is $20,000.
Only homeowners who are not eligible for any other type of state or federal assistance may apply through the city’s Housing and Community Development Department. The state has allocated $200,000 to Pico Rivera from earthquake relief funds approved by the Legislature in November.
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