Office of Housing & Community Development
Carol A. Schraeder
Program Coordinator
Warwick City Hall
Annex Building
2nd Floor
3275 Post Road
Warwick, RI 02886
(401) 738-2000 x6375
Email: com-dev@warwickri.com
Warwick
Lead Hazard Reduction Program |
Loan Information & Eligibility Requirements
Residential properties or apartments constructed prior to 1978, with the highest priority given to properties occupied by children under six years of age and located the target areas of Conimicut, East Natick/Pontiac, Norwood/Lincoln Park, Oakland Beach, may be eligible to receive up to $10,000 for lead hazard reduction work. The $10,000 is available in the form of a decreasing deferred loan. The loan decreases twenty percent (20%) each year for a period of five years for homeowners and ten percent (10%) for landlord/investors in which recipients are not required to repay unless they sell the property during the life of the loan. Borrower(s) must have a clear title to the property and taxes on said property must be current. In addition, homeowners and/or tenants must meet federal income eligibility guidelines.
Income requirements are determined by the total number of
household members and is based upon the current HUD Federal Income Guidelines:
HUD Federal Income Guidelines as of March 2008
Owner-occupied homeowner(s) or tenant(s) must earn no more than:
One person household $41,000 |
Five person household $63,250 |
Two person household $46,850 |
Six person household $67,900 |
Three person household $52,700 |
Seven person household $72,600 |
Four person household $58,550 |
Eight person household $77,300 |
Application Process
1. Call 401-738-2000, ext. 6375 to arrange an appointment with a staff person who can explain the program and assist with the filing requirements.
2. All property owners MUST attend the meeting.
3. Homeowners MUST bring with them, at the time of their appointment, the following documentation:
- Social Security Number(s)
- Proof of income – recent pay stub, copy of Award Letters, such as Unemployment, Social Security, Veteran’s Administration, Worker’s Compensation, Child Support, and/or Foster Care, etc.
- Copy of the deed for the property
- Copy of mortgage for the property
- Evidence that Real Estate Property Taxes are paid
- A completed signed copy of Income Tax Form 1040 and W2 Forms for current year, or 3 years if borrower(s) is self-employed
- Copy of Homeowners and Flood Insurance Policy Declaration Page (if applicable) showing amount of coverage, name, address of insurer, policy number and expiration date.
- Copy of most recent checking & savings account statement(s)
- Copy of most recent mortgage statement(s) with original and current balances
- Outstanding loan and account numbers
The U.S. Department of Housing and Urban Development (HUD), Office of Healthy Homes
and Lead Hazard Control regulations requires re-verification of all income
six-months after application if grant/loan has not been executed.
4. Landlords/Investors (Rental Property) MUST bring with them, at the time of their appointment the following documentations:
- Social Security Number(s)
- Copy of the deed for the property
- Copy of mortgage for the property
- Evidence that Real Estate Property Taxes are paid
- Copy of Homeowners and Flood Insurance Policy Declaration Page (if applicable) showing amount of coverage, name, address of insurer, policy number and expiration date
- Copy of most recent mortgage statement(s) with original and current balances
- Name and contact information of tenant(s)
Please note: Income guidelines for rental property is based on the tenant(s) income
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