Bringing homes back to life with affordable loans to homeowners
Hilltown CDC’s Housing Rehabilitation Program provides eligible low- and moderate-income homeowners with deferred payment loans in order to address code violations and improve living conditions. Program benefits include no interest/no monthly payment on loans that may be completely forgiven, and assistance with project specs, project oversight and contractor selection. A wide range of repairs are eligible including:
Lead paint removal
Septic system repair
Roof replacement and repair
Door and window replacement
Handicap accessibility renovations
Heating and hot water systems
Wells and pumps
Eligible homeowners will receive a deferred payment loan with zero interest and no monthly payments. A percentage of the loan is forgiven each year until the loan term expires (usually 15 years). A mortgage is recorded for the recapture of the unforgiven balance of the loan if the property is sold or changes ownership within the loan term. Loan terms and amounts will vary by funding source.
For more information and an application to the program, contact Paula Bilodeau, Housing Rehab Manager at (413) 296-4536 ext. 123 or firstname.lastname@example.org
Hilltown CDC’s Housing Rehab Program provides services in many hilltowns. Funding is not available in all towns at all times. Contact Paula to see if your town is currently eligible for Housing Rehab services or to put yourself on the waiting list.
In order to qualify for assistance, homeowners should:
Live in a single-family, owner-occupied housing unit (condos are not eligible for this program);
Be current with property taxes and mortgage payments;
Have lived in their home for more than a year; and
Fall within the income guidelines.
The eligibility of program applicants will be determined on an individual basis. Other restrictions or requirements may apply depending on a household’s current situation and circumstances.
Recent projects include lead paint removal, code renovations and heating system upgrades.
The Housing Rehabilitation seeks licensed contractors to bid on funded projects. If you are a contractor interested in local work with the Hilltown CDC, please fill out our contractor application or contact Paula Bilodeau, Housing Rehab Manager at (413) 296-4536, ext. 123 or email@example.com for more information.