Home Modifications
For Persons With Disabilities Loan Program
A Collaboration of
the Massachusetts Rehabilitation Commission (MRC)
Community Economic Development Assistance Corporation (CEDAC)

Through the efforts of the Massachusetts Rehabilitation Commission (MRC) and disability advocates throughout the Commonwealth, a new loan program for home modifications has been established. The Massachusetts State Legislature approved funding for the Home Modifications Loan Program for Individuals with Disabilities through a bond providing 10 million dollars over the next five years. The intent of this newly funded program is to provide loans for modifications to the primary residence of elders, adults with disabilities and families who have children with disabilities. Examples of modifications that may be eligible under this program include the installation of sensory adaptations, lifts, ramps, wheelchair access, grab bars, and egress adaptations. Deferred Payment Loans of $1,000 to $25,000 will be made available at 0% or below market rates (including all costs of consultation and loan fees). Based on income eligibility, borrowers may be eligible for a below market rate Amortized Loan. The Massachusetts Rehabilitation Commission (MRC) expects to serve an estimated 200 eligible households annually.

The Program
The loan program is a newly established state funded loan program that provides loans for access modifications to the principle residence of elders, adults with disabilities and families with children with disabilities. The intent of the program is to allow people to live independently in their communities.

This loan program lends money to homeowners to modify their homes to allow equal access for individuals with disabilities in their primary, permanent residences. There are six agencies throughout the state that provide the funding and administration for the underwriting of the program.

Based on income eligibility, from $1,000 up to $25,000 (inclusive of all costs) may be loaned in a Deferred Payment Loan (DPL) or Amortized Loan secured by a promissory note and/or a mortgage lien. A DPL is due upon sale or transfer of title of the property. Low interest amortizing loans require monthly payment schedules but will be offered at below market rates.

Any homeowner who has a disability, has a household member who has a disability or rents to an individual(s) with a disability may apply for this loan. Income requirements will be based on the total household gross income of the homeowner. Any household in a property with less than ten units may be eligible. The owner of the property must apply. The unit requiring modifications must be the primary, principle residence of the individual(s) with the disability. The modifications to be made to the residence MUST be necessary to allow the beneficiary to remain in their home and MUST specifically relate to the functional limitation caused by the disability.

More information at:  http://www.state.ma.us/mrc/agency/homemods.htm