MassHousing recently rolled out a number of enhancements to its Get the Lead Out program to help homeowners and landlords remove hazardous lead paint from their properties.
Program enhancements have allowed more lenders and local rehabilitation agencies (LRAs) to participate, thus making Get the Lead Out available to more Massachusetts residents. Easier approvals, faster processing and greater flexibility will help more property owners take advantage of the program.
“Lead paint is a hazard to children across Massachusetts,” said Lisa Fiandaca, MassHousing’s Director of HomeOwnership Production. “The changes we’ve put in place with the Get the Lead Out program will help more families access these funds, remove this dangerous substance from their homes and reduce the possibility of lead poisoning in children.”
Offered in partnership with the Massachusetts Departments of Public Health and Housing & Community Development, Get the Lead Out provides zero-interest loans to help eligible homeowners and nonprofit organizations remove lead paint. Financing is available to investor/owners at 3% interest rates. There are no application fees associated with the loans, and no closing costs for owner-occupants.
Funding is provided by the Commonwealth and administered by MassHousing. Loans are initiated by LRAs in conjunction with participating lenders. Since its inception, Get the Lead Out has helped to delead more than 4,200 homes across Massachusetts.