At the August 22, board meeting, Hi-Desert Water District Board members and staff discussed two loan programs to help Yucca Valley residents with the new sewer project. One will be in the form of a financial assistance program to assist with sewer assessment payments, and the other to provide a financing option for private connection costs. In the second of a two-part story, managing editor Tami Roleff will elaborate on the loan program for the sewer assessment…
In an effort to further lower the reduced annual assessment payments for property owners in Yucca Valley, Hi-Desert Water District staff will use property tax revenue to fund a financial assistance program in a form of a revolving loan. The Sewer Financial Assistance Loan Program will offer a $2,000 loan spread out over 10 years for residents who own and live in a single family home in Phase 1, and have a household income of $25,000 or less. This program will give about 100 property owners the option to receive a loan of up to $200 a year for 10 years to help pay yearly assessment payments. The loan will accrue an interest of 1 percent; that will help keep the loan revolving for additional applicants in the future. The loan will be paid off once the property is sold or if a transfer of ownership occurs. More information about the Financial Assistance Loan Program can be found at
https://hdwd.app.box.com/s/8s3fcxctf6po2b1glel8iqtq4p9w7s0i/file/313695474933
For questions about the Sewer Financial Assistance Loan Program, contact Zac Frater at [email protected] or call 760-228-6287.
DETAILS ON YUCCA VALLEY SEWER LOANS, PART 2 OF 2
