- HMLP Adaptations For Your Home Hone Modan isn ego A poor afte Meschnts Wsentonctntton” Commonwealth Funded Loans to Modify the Homes of Elders & Individuals with Disabilities ‘Regional Agencies + 0% interest and 3% interest loans from $1,000 to $30,000 + Most 0% ans do not need tobe repaid untithe home is sold or WeSTERN MA transfered! (aro preg What types of home modification projects are funded? eens Some examples safety modifications funded by the program includ Betas * Bathroom & kitchen modifications Tvto0a13200000 + Ramps, starift, and/or platform its Pore: ae Poi + Sensory or therapy spaces eae oe + Hardwired alarm systems (alter vosten, aa + Fences cue) ‘This is nota general home repair program and is not a resource to repair roofs, Serene windows or heating and septic ystems. Trnoostarecase —— ‘A supportive physical environment promotes individual BOW Soutone Francia! independence and empowerment tra ttn Elgibitty is based ona few factors; including income, a professional's ‘isteetearauorso documentation of need, and the modifications proposed, Work must be Stesse rae aoe 69 Sraososrat/aioass completed by contractors who ae licensed and insured. NORTHEASTERN MA 2016 Income Guidelines mnt eam ne a ie on pains (0) (hmernted Loan) morte Loan) Noe, Dak 728 Houterold —uptos00%er "Upto 28% 1252008 of ‘Sze —‘Medlanincome ——Medianincome Medion income MEROWEST MA 1 ‘$58,700 ‘sese7s ‘137,400 Orpen he 2 $7800 398328 $357,000 Sree a $22,200 suos7s 5176600 smaetaaes nt 4 398,100 $122.65, $196,200 Too sonra. 5 300,000 3132500 $212,000 6 113.800 142250 $227,800 sourwensrenn wa 7 $123,700 352.125, $243,400 Sheena nt 8 128500 161875 $259,000 sytem Sosiesasie Ea Pee METRO BosToN Mean Boron oscars noone Ea MRCPOMRC __ connuniry nme servers n_Loan Program Program Deseription ‘The Home Modificaion Loan Program (HMLP) provides low and no intrest loans for home modifications for elders, individuals with disabilities, the families of children with disabilities, and qualified landlords who tent to individuals with discbliies. The HMLP was established by the Massachusetts state Igistature in 1999 through funding from the stae housing bon bill, with additional authorizations enaeted in 20)4, 2008, and 2013. HMLP is operated by the Community Economic Development Assistance Corporation (CEDAC) in collaboration ith the MRC. The program is administered atthe community level by six regional provider agencies, who work directly with applicants through the loan application process. Since 1999, this innovative state lending programm has helped transform the lives of over 2,500 Massachusetts residents by financing such projects as bathroom and kitchen modifications, ramps, lit, widened doorways, and aveessory units. The program has assisted households with members who might have behavior or wandering limitation by providing financing for sensory learning spaces, hard-wired door ot window slarm systems, fencing and other safety items. The loans provided by HMLP are affordable with favorable renayment terms Homeowners who ar: income-eligible may borrow upto $30,000 in no- or low-interest loans. Program Features ‘+ HMLP offers 0% and 3% loans of $1,000 to $30,000 to eligible borrowers based on income only ‘+ Low income homeowners may be eligible for a 0% deferred loan, with payment due upon sale or transfer of property 0% and 3% amortized loans requi ‘on amount borrowed + HMLP loansare secured by a promissory note and a mortgage lien on the property Program Results 2000-2016 ‘+ HMLP has provided 2,554 loans since 2000 at an average loan amount of $22,500 ‘+ HMLP loanshave resulted in 1,483 bathroom modifications, 355 kitchen adaptations, and 1,426 ramps ‘and wincelchir lifts that have assisted elders and disabled individuals olive and work more independently in their community About 95% ef the loans are 0% interest deferred, 4.5% are 39 Percentage 0% interest amortized loans ‘+ HMLP has received just over $55 million of eap funds since 1999 ‘monthly payments and repayment terms are 5 to 15 years depending 6 amortized loans with the remaining Consumer Feedback “The program is very valuable. Without the modifications made to my home, | woulé not be able to enter oF leave it safely and without the loan I could not have made the changes as quickly as [needed to ifever.” “My experience was good overall. The staff was excellent and the house adaptations have been a godsend as health has worsened” “It was a surprise werking with HMLP. 1 thought there would be lots of road blocks working with this type of program. There wererone ofthe problems I expected, It was a pleasure working with the provider staf. He took care of things fast ani efficiently.”