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Housing Rehabilitation Loan ProgramProgram OverviewThe CDP Housing Rehab Loan Program is funded through an annual Community Development Block Grant awarded to the Wellfleet Regional Housing Rehabilitation Program by the MA Department of Housing and Community Development (DHCD) to help preserve existing housing stock and create new affordable rental units for year-round residents of Wellfleet and Provincetown – owner-occupiers or tenants – whose income qualifies according to LMI (low-moderate income) guidelines set by HUD. The Community Development Partnership (CDP) has been the non-profit agency responsible for delivery of this funding as Wellfleet’s sub-grantee since the program’s inception in 2007. We perform all implementation, monitoring and reporting tasks according to DHCD guidelines on behalf of the Town of Wellfleet. GRANT PRACTICES AND PRIORITIES: It is part of the CDP’s mandate to identify and solicit eligible applications from property owners in both Wellfleet and Provincetown. We do this through a variety of outreach initiatives, which include working with the active support of community partners in both towns. Applications for loans are processed on a first-come, first-served basis. On occasion, once qualified, a project may be assessed and ranked against other qualified applications in terms of code priorities; any emergency need takes priority (e.g. failed heating system in winter). On occasion, the CDP must reject applications despite the presence of eligible work. Reasons for this may include: lack of program funds; conditions requiring substantial rehab beyond scope of the program; costs exceeding program limits; title issues; ineligible tenants; factors that suggest the borrower may be unable to comply with the terms of the program. Making an Appointment: After you’ve read through the Program Guidelines below, you are welcome to book a private appointment with Program Manager Wendy Palliser. Contact Wendy by calling 508 240 7873 ext 14, or Wendy Palliser (email) Program Guidelines Click here to download read and print user-friendly Program Guidelines. These include a chart of Income Guidelines, also displayed in the next section below. Income Guidelines Below are the total allowable LMI (low-moderate income) limits for Barnstable County per size of household for qualifying for the CDP Housing Rehab Loan Program. LMI limits are set by HUD at 80% average median income for Barnstable County. Total income means all income from all Adults 18 years old or over living in the household. Household size means the total number of adults and children living in a household regardless of their relationship. Landlords or potential landlords who are Above LMI Income are eligible to receive matching funds up to $35,000 per unit to rehab or create a unit for year-round rental to house LMI tenants per HUD guidelines. HOUSEHOLD SIZE /INCOME LIMIT 1 Person $43,450 2 Person $49,700 3 Person $55,900 4 Person $62,100 5 Person $67,050 6 Person $72,050 7 Person $77,000 8 Person $81,950 Pre-Application Form If you believe you meet LMI requirements, please complete and mail or fax a “Pre-App” form to Wendy Palliser, Rehab Program Manager, CDP, at 3 Main Street, Unit 7, Eastham, MA 02642; fax: 5008 240 1511. Wendy will respond by phone once she receives the form. You may also call Wendy at 508 240 7873 EXT 14 for information and to leave a message, or Wendy Palliser (email) Last updated: April 23, 2010 |
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