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Housing Rehabilitation Program
(2010 Program)
The Town of Norwood's Housing Rehabilitation Program is funded through a Massachusetts Community Development Fund grant awarded by the Department of Housing and Community Development. The program is designed to assist low and moderate income homeowners living in the Norwood target area map with correcting code violations. Eligible repair activites include: electrical, heating and plumbing work; structural repairs; roof and siding repairs; insulation and window replacement; lead paint and asbestos removal; and handicap accessibility improvements (see HRP Guidelines 2010).
Preliminary homeowner eligibility will be determined based on property location and household income. For preliminary eligibility please fill out the the Program Pre-Application Form (see HRP Pre-Application 2010). Final eligibility will be determined after income verification has been completed and if the total cost of the project falls withing the program guidelines.
Assistance is offered in the form of a Deferred Payment Loan (DPL) with a maximum DPL of $30,000 per unit (if lead present $35,000). DPL's do not require monthly payments. The DPL is secured by a lien placed on the property for a period of 15 years. If the property is sold or transferred within the 15 year period after rehabilitation completion, the funds will be recaptured on a prorated basis. After the 15 year recapture period expires, the loan is forgiven - no payments are made.
It is anticipated that 8 homes will be rehabilitated with the $200,000 grant that Norwood received in 2010. Future grant appications will be made on a regular basis to maintain funding for this program.
For more information contact CDF Program Coordinator Pam McCarthy, 40 William Shyne Circle, Norwood, Ma.; phone: 781-762-8115 ext 209; fax: 781-762-4942; email:
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Limited funds are available to assist additional homeowers through this program. If your home falls within the target area (see link above), contact Pam McCarthy at 781-762-8115 x209 for more information.
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Last Updated on Wednesday, 15 August 2012 14:12 |
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