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Home improvement loan program launched in Brookfield, New Fairfield

A home improvement loan program is being launched in Brookfield and in New Fairfield.  The towns were awarded $400,000 each from the state Department of Housing for zero-interest indefinitely deferred loans to eligible low and moderate income residents.  The loans can be used for health and safety improvements including roof or window replacements, new furnaces, septic repairs, insulation, lead remediation and ADA modifications.  The money could also be used for siding, and plumbing and electrical upgrades. Low- and moderate-income homeowners must have an annual income that does not exceed $52,550 for a single household or $75,000 for a household of four;  have 10% equity in the home; and, be up to date on municipal taxes.  The application and more information can be found on the website of each town.  Applications will be accepted through August 1st.

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Rich Valdes

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