The Get the Lead Out Loan Program of Massachusetts healthcare reform legislation (Section 197E of Chapter 111 of the Acts of 1993) seeks to "assist residential property owners in financing the abatement and containment of lead paint hazards throughout the Commonwealth." Through MassHousing, the administrative agency, low-cost deferred financing is available for one-to-four-family homes to address lead-based paint hazards either owned by a low- to moderate-income owner-occupant or in which low- or moderate-income tenants reside. The loans are managed by local rehabilitation agencies (LRA). One hundred percent of the financing available under this program must be used for lead-based paint abatement activities.
Massachusetts’ Get the Lead Out Loan Program
Jan 1, 2019