The Times-Tribune - - Local - — STAFF RE­PORT — STAFF RE­PORT

The city seeks a land­lord to par­tic­i­pate in a pi­lot loan pro­gram to fix up a mul­tiu­nit rental prop­erty.

The Of­fice of Eco­nomic and Com­mu­nity De­vel­op­ment cre­ated a Rental Re­ha­bil­i­ta­tion Pro­gram, funded with $50,000 in fed­eral grant money, Mayor Bill Cour­tright said.

OECD seeks an owner of a prop­erty with up to four rental units to be the first par­tic­i­pant. The prop­erty owner must be in good stand­ing with the city and have all taxes paid, said OECD Ex­ec­u­tive Di­rec­tor Linda Ae­bli.

The pro­gram goals in­clude:

■ In­creas­ing sup­ply and long-term avail­abil­ity of af­ford­able, stan­dard rentals for low-in­come fam­i­lies.

■ Re­vi­tal­iz­ing and strength­en­ing neigh­bor­hoods by ad­dress­ing sub­stan­dard rental hous­ing con­di­tions.

The pro­gram will pro­vide de­ferred-pay­ment loans to cover half the cost of cor­rect­ing code vi­o­la­tions. A de­ferred-pay­ment loan is an in­ter­est-free, for­giv­able loan with no monthly pay­ment, as long as all pro­gram re­quire­ments are met.

The max­i­mum de­ferred­pay­ment loan is $10,000 per unit. An ad­di­tional $2,500 per unit will be pro­vided for lead-based paint abate­ment.

To pro­tect the city, a mort­gage will be placed on the prop­erty dur­ing an “af­ford­abil­ity pe­riod” of 10 to 20 years, de­pend­ing on the dol­lar amount of sub­sidy re­ceived.

Ad­di­tional fund­ing may be made avail­able af­ter the first project is com­pleted.

For in­for­ma­tion, call OECD at 570-348-4216. The Lack­awanna County com­mis­sion­ers’ blood drive ben­e­fit­ing the Amer­i­can Red Cross will take place later this month at the his­toric Globe build­ing, the fu­ture home of county gov­ern­ment.

The drive will be held in the lobby of the for­mer store, 123 Wy­oming Ave., on Wed­nes­day, Sept. 27, from 11 a.m. to 4 p.m.

Call 800-733-2767 or visit red­cross­ and en­ter “Lack­awanna” to sched­ule an ap­point­ment.

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