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Press release -- Housing grant program 2017

posted Sep 25, 2017, 12:09 PM by NF Post   [ updated Sep 25, 2017, 12:25 PM ]

INTEREST FREE HOUSING REPAIR LOAN PROGRAM

New Fairfield, CT

 

Does your roof leak?  Are your steps crumbling?   Are you facing a winter without heat due to a failing furnace?  The Town of New Fairfield under leadership of First Selectman Susan Chapman has been awarded a 2017 $400,000 Community Development Block Grant (CDBG) for housing rehabilitation.  Funding is available to serve approximately twelve to fifteen households.  The town encourages eligible low and moderate-income homeowners and renters to apply for assistance with health and safety-based home repairs. The goal of the program is to keep people safe in their homes by providing funding when other means may not be available. 

To be eligible, property owners must have an annual income that does not exceed $51,600 for a one-person household or $73,650 for a four-person household.   Other requirements of eligibility include being up to date on municipal taxes and having 10% equity in the home.  Loans are at 0% interest and are not due and payable until change of title to home.

Eligible activities include replacing failed furnaces, roofs, windows, doors, electrical, heating, plumbing, and septic system repairs. These funds can provide for ADA (Americans with Disabilities Act) modifications to homes as well, such as entrance ramps and bathroom modifications.

Applications will be served on a first come, first served basis.  Applications are available on the Town Website or from Town of New Fairfield  Small Cities Consultants Lisa Low & Associates at 203-888-5624; info@lisalowassociates.com.  Please share this information with any friends or neighbors who may be interested.

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