Cumberland County Emergency Rental Assistance applications are currently closed.

Small Landlord Revolving Loan Fund

Program Summary: The Authority’s Small Landlord Revolving Loan Fund (SLRL) helps fund the conversion and/or preservation of existing affordable rental housing in the Cumberland County by providing low interest rate loans to landlords own and need to renovate 10 or fewer affordable rental units. Landlords must agree to rent renovated units to either a Cumberland County Housing Authority Housing Choice Voucher (HCV) holder or to households that make at or below 80% of Area Median Income (AMI) or below.

Borrower Eligibility:

  • Must own the property.
  • Homeowners Insurance must be up to date.
  • All real estate taxes must be up to date.
  • Minimum credit score of 580.
  • Property may not be sold, transferred, assigned or disposed of in any part without Authority Authorization.
  • Licensed contractor and all necessary building permits must be obtained.
  • Landlords may renovate up to 10 units, up to $20,000 per unit.
  • $100 application fee to apply

Loan Terms:

  • Landlords may renovate up to 10 units, up to $20,000 per unit.
  • The total project loan may not exceed $100,000.
  • The interest rate for SLF loans is 2%.
  • Restrictive Covenant for the life of the loan will apply even if principle is paid early.
  • The Borrower must not have any outstanding city, school, or county real estate taxes or the Borrower must be on a payment plan for at least two months.

Loan Amount

Loan Term

$1,000 - $50,000

Maximum loan term is 10 years

$50,001 - $100,00

Maximum loan term is 15 years

Small Landlord Revolving Loan Application