The Pioneer Valley Planning Commission’s Housing Rehabilitation Program provides eligible low- and moderate-income homeowners with deferred payment loans (DPL) in order to address code violations and improve living conditions. 

Eligible activities include the correction of code violations and repairs to eliminate health and safety issues. This includes, but is not limited to:

– lead paint removal
– foundation repairs
– electrical repairs and improvements
– plumbing repairs and improvements
– heating systems
– roof repair or replacement
– insulation: attic, around windows
– storm windows
– septic system repair or replacement
– removal of architectural barriers

Eligible homeowners will receive a deferred payment loan with zero interest and no monthly payments. The maximum loan available for most properties is $40,000.  Properties which are deemed historical or have issues such as lead paint, failed septic failed well, etc. may qualify for up to $50,000. Projects exceeding the maximum loan amount may require other sources of funding to complete. A mortgage (Assignment of Proceeds) is recorded at the Registry of Deeds for the amount of the loan. A percentage of the loan is forgiven each year until the loan term expires (usually 15 years). A recapture (repayment) of the unforgiven balance is required if the property is sold or changes ownership within the loan term. Loan terms and amounts will vary by funding source.