Does your home need repairs? There is grant money available to help you!

Does your roof or plumbing leak? Does your heating system leave you cold? The Housing Rehabilitation Loan program can help you make these repairs with no out of pocket expenses.

The Town of Oxford is accepting applications for its Housing Rehabilitation Grant program. The grant serves approximately ten households and is on a first come first serve basis.

The Grant is sponsored by HUD (Housing and Urban Development) and the Town of Oxford. The program provides INTEREST FREE - DEFERRED PAYMENT HOME IMPROVEMENT LOANS to qualified low and moderate income residents. The loans are not due and payable until the home is sold.

Examples of eligible repairs are: roof and window replacement, lead paint removal, electrical & heating system upgrades, code corrections, failed septic systems and handicap accessibility.

Eligible applicants must 1) be up to date on property taxes; 2) have 10% equity in the home; and 3) be low or moderate income by HUD standards.

HUD FY 2014 Income Limits are as follows:

Persons in Household/Income Limit

(1) $44,750 (2) $51,150 (3) $57,550 (4) $63,900 (5) $69,050 (6) $74,150 (7) $79,250 (8) $84,350

THE PROGRAM REQUIRES NO OUT OF POCKET EXPENSES.
For further information or an application please contact Lisa Low & Associates, Small Cities Consultants for 14 towns/cities in Connecticut, 203-888-5624 or info@lisalowassociates.com.