Shelton Property Owners Could Qualify For Zero Percent Interest Rehabilitation Loans

Attention Shelton property owners!

The city's Community Development Office has applied for a Small Cities Black Grant from the state of Connecticut.

If awarded, these funds will be used toward the continuation of the Shelton Residential Rehabilitation Program and will be offered to qualifying Shelton property owners as zero percent interest rehabilitation loans.

The program is designed to eliminate code violations and unsafe conditions, increase energy efficiency and improve the appearance of the property. Code violations (fire codes, building codes and unsafe conditions) are attended to first.

The program is designed to benefit low and moderate-income occupants, as designated by State and Federal guidelines.

Maximum lending amount is $18,000 per unit. The loan is paid back to the City over a 10-year period, repaying 10 percent of the amount each year for ten years.

Occupant income levels must fall between household size categories and income limits established by the U.S. Department of Housing and Urban Development.

All taxes must be paid up to date prior to applying.

Call the Shelton Community Development office at 203-924-1555, ext. 374, to discuss eligibility requirements. They will be happy to provide you with an application package and put your name on the waiting list.