BEACON FALLS — The town has $260,000 available from a Community Development Block Grant for housing rehabilitation.
The grant is used to provide 0 percent interest loans for low- and moderate-income homeowners to make needed repairs to their homes. The loans are not due and payable until the property is sold or the homeowner is deceased.
To be eligible for a loan, a property owner’s income can’t exceed $46,100 for a one-person household or $65,800 for a four-person household. The property owner must also be up to date on municipal taxes and have 10 percent equity in the home.
The loans can be used for a variety of work, including replacing failed furnaces and repairing roofs, windows and septic systems. The funds can go towards ADA modifications to homes as well, such as entrance ramps and bathroom modifications.
For more information or a grant application, contact Lisa Low & Associates at (203) 888-5624.