CDP Offers No Interest, No Payment Loans For Critical Home Repairs

Filed Under: Non Profit News

Qualified residents of Eastham, Truro and Provincetown can receive deferred, 15-year fully forgivable loans of up to $40,000 per household to pay for critical home repairs through the CDP’s Housing Rehabilitation Program. The program is designed to preserve existing homes for year-round residents at or below 80 percent of the median area income.

CDC house before

CDC house

Above, a year-round house in need of repair. Below, the newly renovated home where repairs were made through the Community Development Partnership.

 

Repairs can include, but are not limited to, roofing and siding, electrical, heating and plumbing work, lead paint abatement, and energy efficiency upgrades to keep properties in good condition for the long term.  Last year the CDP’s housing rehab program helped to preserve 22 houses in Provincetown, Truro, Eastham and Harwich, including eight homes for families with children and fourteen for seniors. The renovation projects were completed by local contractors and circulated over $700,000 into the local economy.

For full program requirements, or to complete a pre-application, go online to https://capecdp.org/affordable-housing/housing-rehab or contact Terri Barron, CDP Director of Housing Rehabilitation Programs. Once the pre-application is reviewed, a determination will be made as to whether the homeowner should complete a full application.

The CDP’s Housing Rehabilitation Program in partnership with the Town of Truro using Community Development Block Grant funds provided by the Massachusetts Department of Housing and Community Development.

The Community Development Partnership leads the Lower Cape in building a diverse year-round community of people who can afford to live, work and thrive here.  For more information, go to www.capecdp.org.

  

 

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