Rental Housing Improvement Program

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The Rental Housing Improvement Program (RHIP) is designed to assist owners or purchasers of individual rental housing properties of seven or less units. The RHIP provides a subordinated loan for a portion of the cost of rehabilitating eligible rental housing properties.

Rental Housing Improvement Program Application

Property Eligibility Requirements

  • All units receiving RHIP assistance must have a monthly rent at or below the current approved exception rent level as established by HUD (see chart below).
  • All properties must be used exclusively for rental housing units.
  • All units must include individual eating, sleeping and bathroom facilities (no boarding units or rooming houses are eligible for assistance unless an existing boarding or rooming house is to be converted into individual rental housing units).
  • Single housing conversions are not eligible.
  • All housing units must require a minimum of $5,000 of structural or other code repairs to be eligible for assistance.