1. Owner Occupied Rehabilitation — Changes in the years in loan terms; forgiveness; and in the

City Commission · 2026-05-05 · agenda_item

The City of Kissimmee is considering changes to its Owner Occupied Rehabilitation loan program. These proposed changes would adjust the loan terms, including a sliding scale for repayment periods of 10 or 15 years based on the assistance amount. The program also includes provisions for prorated loan forgiveness. A key change allows the City to directly engage private contractors when working with nonprofit agencies is not practical. This item is currently under review by the City Commission. If approved, the project could involve site preparation, utility work, construction, and finishing trades for rehabilitation projects. Local contractors, suppliers, and service providers are encouraged to monitor this program's progress, as early engagement before final plans and permits are set could offer a competitive advantage for future rehabilitation work.

loan term

10 years

loan term

15 years

assistance amount

75000 $

assistance amount

120000 $