|
CDBG & HOME Programs
NEWS!
- FY2011 CDBG funds have been awarded. Please refer to Resolution R-10-22 Amended or the FY2011 Annual Action Plan on the UPD main webpage.
- Contractor pre-qualification list. If you are interested in participating in the City's Home Improvement Program (HIP), please complete the required forms and submit to our office in the Community Development Division at City Hall, 229 Main Street, Nashua, NH 03060. Contractors on the list will be notified of upcoming HIP projects. The pre-qualification list is open to enrollment at all times. Click HERE to download the required forms. You also need to complete an IRS W-9 Form.
There are two affordable housing programs offered through the Urban Programs Department:
Housing Improvement Program:
This program offers no interest (0%) loans to low-income home owners to address health and safety issues. The property must be owner-occupied and have no more than four units. The complete program guidelines can be found by clicking on the link below.
Housing Improvement Program - Rules
If you are looking for lead paint assitstance, please visit our Lead Paint Program page by clicking the link in the left hand side bar.
Affordable Rental Housing Programs:
Using HOME funds, the City works with property owners, non-profits, developers and others to finance a portion of the construction and/or rehabilitation costs in affordable housing projects. The HOME program requires a 25% match to the total HOME investment. For example, if the City allocates $100,000 in HOME funds, the owner must provide at least $25,000 in private funds.
HOME funds come with certain restrictions, including long-term affordability, rent restrictions and housing quality standards. Recognizing that private lenders may not favor the profit ratio for affordable housing projects, the HOME program is designed to fill that gap. For additional information, please explore the links below:
Program Rules
Final Rule
2010 Application
CHDO Certification Application
|