Residents may not be aware that the Town of Granby operates a Housing Rehabilitation program funded by Community Development Block Grant funds. Under this program, the town can provide Granby homeowners who are of low or moderate income, with a no-interest loan to pay for a wide variety of home repairs. Eligible repairs include but are not limited to roofing, siding, insulation, window and door replacement, and the upgrading of plumbing, electrical and heating services. Eligibility is income based and is determined by household size. For example, a two-person household with an annual income of less than $78,000, or a family of four with an annual income below $97,450 would be eligible for program participation.
To guarantee the loan, a lien is placed on the property outlining the amount of money spent to make the necessary repairs. No monthly payments are required, and no interest is charged on the loan. Repayment of the loan is required upon transfer of title, sale of the property, if the property is no longer the primary residence, or upon the property owner’s death. Once a loan is repaid, the funds go back into the Housing Rehabilitation program and can be used to fund another project. Since the start of the program, more than 100 homes in Granby have been improved, updated and repaired.
Anyone interested in learning more about the program or applying is encouraged to call Abby Kenyon at 860-844-5319. Applications are addressed on a first come, first served basis.