Steps to Home
Document Actions
Financial Assistance
Is there money available for deleading?
There are a variety of funding options available to both owner-occupied and investor properties, depending on the income level of the occupants.. All financial assistance is to the property owner. The program is open to qualified property owners in the Merrimack Valley in collaboration with the city/town where the home is located. For a list of communities click here,
- Low-income Owners/Tenants:
The City has received a grant from the U.S. Department of Housing and Urban Development (HUD). Through this grant we are able to offer low-income owner occupants and owners of investment property, who rent to low-income tenants, grants of $20,000 for single families and $16,000 per unit for multi-families. Loans may be combined with the grant to fund the entire cost of deleading. If qualified, the cost of inspections will also be paid. Income limits for this program vary for owners, investors and tenants, please call for the current guidelines.
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| Low Income Limits | $45,100 | $51,550 | $58,000 | $64,400 | $69,600 | $74,750 | $79,900 | $85,050 |
- Higher-income Owners/Tenants:
Owners with higher income, or investors renting to tenants with higher incomes, may qualify for assistance through the MassHousing “Get the Lead Out” Program. The property must be a 1-4 family building. Assistance is in the form of a loan with the following terms:
- Owner Occupants – 0% interest, deferred payment (no monthly payments)
- Investors – 5% interest, performing loan (monthly payments)
INCOME LIMITS:
Household size Income Limits
1-2 persons $70,700.00
3 or more $81,300.00
LOAN AMOUNTS
Single-family $30,000.00
Two-family $35,000.00
Three-family $40,000.00
Four-family $45,000.00