The Mashpee Housing Rehabilitation Program (MHRP or Program) provides 15-year, 0% interest, Declining Balance, Deferred Payment Loans (DPLs) for general rehabilitation and grants (up to $25,000 per unit) for lead paint reduction to owners of residential, one to four-unit properties in the Town of Mashpee. Properties must have at least one code violation to qualify for assistance. The program is funded through a Massachusetts Community Development Block Grant (MCDBG) from the Commonwealth of Massachusetts Executive Office of Housing & Livable Communities (EOHLC).
ELIGIBILITY OF PROPERTY
Eligible Properties: Single family and multi-family (up to four units) residential properties are eligible for assistance.
Property Condition: Properties must be “substandard” as defined by the presence of one or more major code violations to participate in the program.
Taxes, Water/Sewer Payments: To be eligible for participation in this program, the property’s municipal (property) taxes and water/sewer payments must not be delinquent. If the property owner is in arrears, the owner must have entered into an arrangement with the town to repay the delinquency and must be in compliance with said arrangement.
Flood Insurance: Properties located within the 100-year floodplain must have flood insurance to participate in the program. If this additional coverage must be purchased, the first year’s premium may be paid with program funds.
Principal Benefit: At least 51% of the units in the structure must be occupied by low- or moderate-income households, as defined by HUD (see Attachment A). All single-unit properties must be occupied by a low- or moderate-income household. In a two-unit structure, at least one of the two units must be occupied by an income-eligible household. In a three- to four-unit property, at least 51% of the units must be occupied by low- or moderate-income households.
