Time is running out to apply for lead paint removal grant in Manchester
The program provides the grant as a loan, which is forgiven after five years as long as the parameters of the loan are followed. The program requires the landlord to rent to tenants with low or moderate incomes, and it encourages landlords to rent to tenants with children, Rounds said.
About a year ago, the city made the loans forgivable, after landlords showed little interest in the program.
Valente said she used to advise against the program because the loans, although with zero-percent interest, were not forgiven. She said it will be devastating for Manchester if the money goes unspent.
“Property owners still believe in the stigma of the loan; they can’t get past it,” Valente said.
She said the Manchester program is much more generous than a state-run program, which provides $6,500 per unit, and a Nashua program, which provides $8,500 per unit. Abatement work cannot be completed for that amount, and the landlords who go through the state or Nashua have to contribute substantial sums toward the work, Valente said.
Anyone interested should call 623-9060 or visit www.leadsafemanchester.com.
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