The Small Cities Development Program provides funds to rehabilitate owner occupied homes, commercial buildings, and rental properties. To receive SCDP funds, applicants must own and maintain year-round residency in their home, be current on property taxes, mortgage payments, and carry homeowner’s insurance. The total income for the household must not exceed HUD Section 8 limits set for that program. Commercial building owners must own the property, be current on property taxes, mortgage payments, and their insurance must be current. There is a 50% match required for property owners. The owner of rental units must own the units, be current on property taxes, mortgage payments, and the insurance must be current. There are tenant income requirements and units must meet fair market rents as defined by HUD. There is a 50% match required from all owners of rental units. SCDP funds are set up as Deferred Loans.