Home Modification Loan Program- to finance home accessibility projects
Posted on: April 9, 2024 - 9:16am
Do you know someone who might be looking for financial assistance for a more accessible home? Is their bathroom difficult to navigate? Would they benefit from a stair lift or ramp? Or perhaps they have considered converting or adding living space to be able to live all on one level? The Home Modification Loan program can help.
Established by the Massachusetts Legislature in 1999, HMLP is a state funded loan program that provides financing to homeowners and small landlords for necessary home modifications such as:
- Ramps and lifts
- Kitchen and bathroom adaptations
- Sensory integration spaces
- Fencing
- Hand rails
- Brighter lighting
- Widening of doorways
- Flooring renovations
- Creation of additional living space, including accessory dwelling units or in-law apartments
LOAN INFORMATION
- Loans up to $50,000 for property owners and $30,000 for owners of manufactured or mobile homes
- 0% interest rate
- No monthly payments required
- Repayment is required when the property is sold or transferred
- Landlords with fewer than 10 units may be eligible for a 3% interest rate loan for a tenant
SEE IF YOU QUALIFY- CLICK HERE!!!
| Attachment | Size |
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 home_modification_loan_flyer-accessibility_project-2024.pdf | 916.29 KB |
| home_modification_loan_program-accessibility_project-2024.pdf | 279.37 KB |