07/12/2010 -
NOTICE TO LEBANON RESIDENTS
Would you be interested in receiving financial assistance from the Town for repairs to your home? The Town of Lebanon is interested in applying for a grant to continue its Housing Rehabilitation Program that fund repair projects that include, but are not limited to: septic systems, roofing and siding, structural deficiencies, replacement windows, insulation, plumbing, electrical, and heating systems. Income eligible applicants will receive a loan that is deferred until the property changes ownership or the homeowner refinances through an equity loan. Ten percent (10%) of the original loan amount is forgiven annually during the first five years after the completion of the rehabilitation project. Funding comes from a Grant from the Dept. of Economic and Community Development. Before a Grant Application can be submitted the Town is required, by the funding source, to know how many households would be interested and income eligible to be participants in the Housing Rehabilitation Program.
To be eligible, yearly gross income must not exceed amounts below:
Number in Family: 1 2 3 4 5 6 7___
Household Income: 45100 51550 58000 64400 69600 74750 79900
Residents who are interested, and meet the income qualifications, please call the First Selectman's office at 860-642-6100 to request an application, or click HERE to download the application.