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Norwood Bank Donates $5K To Local Housing Rehab Program

Oct 4, 2012 | Reprints | Unlock Link | Print

Norwood Bank has donated $5,000 to the Norwood Housing Rehab Program.

This program has been administered by the town’s planning department since 2004. Since that time, 37 homes have been rehabbed, including four emergency projects. The program is funded by a Community Development Block Grant which originates from HUD and is awarded by the state’s Department of Housing and Community Development through a competitive grant application process.

The program assists homeowners who meet location and income requirements by providing them with the necessary funds to improve their living conditions. Funds are used to repair code violations and improve energy efficiency. Some of the most common projects include roof repairs, updating electrical systems, replacing faulty heating systems, new windows, insulation, and elimination of asbestos and lead paint. Norwood Bank’s donation has been targeted to the control of lead paint within the home.

Banking & Lending