April 23, 2018 4:58pm
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Applications being accepted for the Housing Rehabilition Program

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Stafford Shining Stars
Applications being accepted for the Housing Rehabilition Program
While many are deserving of recognition, among the most dedicated are the volunteers of Stafford Fire Department No. 1 and West Stafford Fire Department.
WHAT KIND OF ASSISTANCE IS AVAILABLE?
Financial Assistance
Financial assistance is available in the form of Deferred Payment Loans (DPL) for up to 100% of project costs for qualified homeowners. Households with income at or below 50% of the median income for the area will receive a DPL for 100% of the rehabilitation costs. Households with income above 50% of the median but below 80% of median will be requested to contribute 25% of the total rehabilitation costs from private funds or through bank financing. Those households unable to contribute 25% may apply for a waiver.

A Deferred Payment Loan accrues no interest and has no monthly payments. Repayment is not required as long as the original applicant resides in the property. At a future time when the property is sold, the loan is repaid to the Town. The Deferred Payment Loan amount is secured by a lien filed with the Town Clerk.

Grants are available to cover the cost of lead paint testing and treatment activities. Grants will also be available to cover costs of temporary relocation from the home, if that is needed because of lead or asbestos related work. As grants, these funds never need to be repaid to the Town.



Attachments:
Homeowner Application - January 2018.pdf
Information for Homeowners_3-2018.pdf

Warren Memorial Town Hall • 1 Main Street • Primary Department Hours: M-W: 8-4:30, Th: 8-6:30

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