Home Improvement Loans

Home Improvement Program

Maintaining the appearance of your home is one of the biggest responsibilities of home ownership, but unfortunately not all homeowners are in a position to complete those repairs. To assist them, the City’s Home Improvement Program (HIP) provides qualified low and moderate income homeowners the opportunity to rehabilitate their homes by offering funding to repair hazardous structure conditions, make modifications to improve home access, make necessary repairs, or correct existing code violations. The program is sponsored by the U.S. Department of Housing and Urban Development (HUD), Federally Funded Community Development Block Grant (CDBG) Program and the City of Diamond Bar.


Examples of allowable projects include:

  • Abatement of code violations
  • Accessibility modifications
  • Water heater replacements
  • Asbestos testing and eradication
  • Roof repairs and replacements
  • Work to electrical and plumbing systems


To be program-eligible, homes must be owner-occupied, single-family detached dwellings within Diamond Bar, and the homeowner’s gross income must be in the low or moderate income brackets. Loans are offered on a first-come, first-serve basis. For application materials, contact the Community Development Department at 909-839-7030.

First-Time Homebuyers Assistance

The Los Angeles County Development Authority (LACDA) offers two programs to assist first-time homebuyers: the Home Ownership Program and the Mortgage Credit Certificate Program.

The Home Ownership Program (HOP) loan provides a second mortgage loan for first-time homebuyers with an assistance amount of up to $85,000, or 20% of the purchase prices, whichever is less.  The loan provides down payment and/or closing assistance and is secured with a Deed of Trust and Promissory Note.  The HOP offers 0% interest loans with a deferred payment. Repayment is required when the home is sold, there is a transfer of title, or the home is no longer owner-occupied.  To qualify, a homebuyer must not have owned a home in the last three years and the home must be owner-occupied.

The Mortgage Credit Certificate (MCC) Program offers qualified first-time homebuyers a Federal income tax credit.  The credit can reduce potential Federal income tax liability, creating additional net spendable income for qualified first-time homebuyers to possibly use toward their monthly mortgage payment. This MCC Program enables qualified first-time homebuyers to convert a portion of their annual mortgage interest into a direct dollar-for-dollar tax credit on their U.S. individual income tax returns. The qualified homebuyer is awarded a tax credit of up to 20% of the annual interest paid on the mortgage loan. The remaining 80% of the mortgage interest will continue to qualify as an itemized tax deduction.

Further information on these programs is available on the following LACDA web pages: