Lowell Owner-Occupied Rehabilitation Program

Acerca de Este Programa

CDBG-funded program providing forgivable loans to low- and moderate-income homeowners in Lowell for major home repairs and systems replacement. Loan is forgiven after 5 years of continued owner occupancy.

Forgivable loan up to $50,000; no repayment if owner occupies home for 5 years

Detalles Clave

• Forgivable loan up to $50,000
• Income at or below 80% AMI required
• Must be owner-occupied in Lowell
• Forgiven after 5 years of occupancy
• Covers major repairs and system replacements

Como Solicitar

Un contratista con experiencia en subvenciones en Lowell, MA puede encargarse del papeleo, las inspecciones y los plazos para que sus fondos se liberen a tiempo. La conexion es gratuita.

Deadline: Rolling applications, subject to funding availability