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VACANT
HOUSING ACQUISITION AND REHABILITATION PROGRAM (V-HARP)
Program Description and Application
(download documents)
The
City of Oakland’s Community and Economic Development
is pleased to announce the availability of gap financing
for the acquisition and rehabilitation of vacant and blighted
residential properties in Oakland through the Vacant Housing
Acquisition and Rehabilitation Program (V-HARP). A low interest
loan of up to $100,000 per affordable unit may be provided,
so long as the total amount of the City’s assistance
does not exceed 40% of the total development cost for the
affordable units in the project.
Applicants
can be non-profit and for-profit developers, contractors,
and current property owners. Eligible properties include
vacant lots, blighted single family homes and multifamily
buildings with up to 20 units. Upon completion of the construction/rehabilitation,
applicants will be required to rent or sell the units to
low or moderate income households. Assisted units will be
required to remain affordable for 45 years (homeownership)
and 55 years (rental).
Up
to $2,097,500 is currently available for this program. Applications
are now being accepted on a first come, first serve basis.
Please contact Housing Development staff, at (510) 238-3502,
after you have reviewed the program description and application,
to discuss any questions you may have.
Please
note that the program has been expanded to include “vacant
lots” as well as vacant, blighted residential buildings
as “eligible properties”. That addition will
be added to the application and program description.
The
V-HARP Application Packet is available for download from
this page or for pickup from:
Community and Economic Development Agency
City of Oakland
250 Frank H. Ogawa Plaza, 5th Floor
Oakland, CA 94612
(510) 238-3502
The City reserves the right to suspend, amend, or modify
the provisions of the V-HARP program.
The
City of Oakland is an Equal Housing Opportunity and Accessible
Housing provider.
If
you have further questions about the application, please
contact the Housing Development staff at (510) 238-3502.
Download V-HARP Documents
(All files are in PDF format. You will need the
free Adobe Acrobat Reader program to view these. Click
here to download the free reader).
V-HARP
Program Description
V-HARP Application
Forms
Electronic
forms required for application
Download
the required Excel spreadsheets here. These files must be
submitted both in paper copy and electronically, either
via email to mgladman@oaklandnet.com, or on disk with your
application.
To
download documents so they can be saved and edited on your
computer:
- Right-click
the link for the item you want
-
Select the 'Save Target As...' in Internet Explorer or
select 'Save Link As...' in Netscape Navigator
-
Select 'Save' (make sure you note where you have saved
it)
-
You can can now open and edit the file with the appropriate
program (MS Excel, MS Word, etc.)
Rental Projects
Workbook includes:
Instructions
Exhibit 13a: Development Budget
Exhibit 13b: Operating Budget
Exhibit 14: 30 Year Cash Flow
Ownership
Projects Workbook includes:
Instructions
Exhibit 15a: Development Budget
Exhibit 15b: Sales Analysis
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