The Town of Greenfield has received funding through the Department of Housing & Community Development (DHCD), Massachusetts Community Development Mini-Entitlement Block Grant Program to assist local homeowners to bring their homes into code compliance, do needed repairs and make their home more energy efficient. The Town’s “Target Area” for this program is currently the ‘Deerfield Street Corridor’ – although funds may be used for ‘emergency’ rehab in other areas of Town.
Utilizing 0% Deferred Payment Loans (DPLs), this program will provide Low to Moderate Income (LMI) homeowners and owners of rental property an affordable funding mechanism to correct code violations within their homes, bringing the units from substandard to standard condition. Eligibility would be determined through income verification procedures as defined by HUD.
Through a point system, the program will target the most distressed, substandard housing units with the most code violations that are occupied by LMI persons. Owner-occupants with up to 4 rental units will sign rental agreements that limit rents for 15 years, require them to notify the Town of vacant units, and assert their commitment to rent to low and moderate income tenants. Although it is not anticipated that this year’s program will assist Investor-Owners, any Investor-Owners and Owner-Occupants with more that 4 units will execute an Affordable Housing Restriction provided by DHCD, which will be recorded with the mortgage.
For more information regarding this program, please contact the Planning Department:
Alice Connelley, CD Grant Administrator at 772-1548 CD_Administrator@greenfield-ma.gov or Nick Garmalo, Rehab Specialist at 772-1411 CD_Rehab@greenfield-ma.gov
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