Welcome to Malden's Housing Rehabilitation Program!
Our team is dedicated to enhancing the quality of housing for low- and moderate-income residents in Malden. We understand the importance of safe and comfortable homes, and we're here to provide financial assistance to make those improvements a reality.
Whether you're a property owner/investor or a tenant, our dedicated staff members are ready to guide you through the process, from application to project completion.
What We're Offering You:
Our comprehensive program covers a wide range of rehabilitation activities, including roofing, heating, electrical, plumbing, and HVAC work, and more. We also address health and safety concerns such as lead abatement, radon mitigation, mold remediation, and more.
Partnering for Energy Efficiency:
We're proud to collaborate with Mass Save through the Community First Partnership program. During our inspection process, we can help determine if your property is eligible for Mass Save assistance. This Partnership provides opportunities for financial support in areas such as weatherization (Insulation) and even energy-efficient appliances. Click here Version Options Housing Rehab Headline or go to masssave.com/malden to learn more about Mass Save incentives and rebates!
We welcome both owner-occupied and investor-owned properties within Malden city limits. To qualify, the unit(s) you intend to rehabilitate must be occupied by low- or moderate-income households. This requirement ensures that those who need it the most receive the benefits of our program. Check out our current income limits here to determine if your property aligns with the eligibility criteria.
Tailored Financial Assistance:
Recognizing that every situation is unique, our program offers a range of financial support options based on your specific needs and circumstances. Grants and zero-interest loans are available, taking into consideration your eligibility and the availability of funds. Projects may be funded through various federal grant programs, including CDBG, Lead and Healthy Homes, and Healthy Homes Production. We're committed to helping you access the right resources to enhance your home.
Specific financial terms vary based on the property, occupancy, and the funds used. Some CDBG funds and all Lead and Healthy Homes are provided through zero-interest, no-payment loans that are forgiven after a specified period. For CDBG funds, some owner-occupants and all investor-owners receive funds through zero percent interest loans that must be repaid over a 15-year period.
Transparent and Supported Process:
Once your application is accepted, our experienced team collaborates with you to outline the scope of work and provide a detailed cost estimate. We engage with our pre-qualified contractors to ensure competitive and high-quality project bids. When a contractor is selected, we guide you through the contractual and loan documentation process. Our emphasis on clear communication guarantees that you fully understand the financial terms before moving forward.
The contractor will begin work on your property consistent with the scope of work. OSPCD staff help manage the contractor and require homeowner approval before the contractor receives payment. Depending on the scope of the work and whether hazardous substances are disturbed, occupants may need to be temporarily relocated, typically for no more than 1-2 weeks. Tenants who need to be relocated are eligible for financial assistance in the form of a stipend.
Maintaining Compliance for a Better Future:
We're invested in the long-term success of your housing improvements. After project completion, it's essential to maintain compliance with our program's rules. Projects receiving Lead, Healthy Homes, and Healthy Homes Production funding must remain in compliance for 3 years. Projects receiving CDBG funds must maintain compliance for 5-to-15 years, depending on how much CDBG funding was provided. This commitment helps us ensure that your rehabilitated units remain occupied by eligible households, contributing to healthier, more vibrant communities.
During the compliance period, rehabbed units must be occupied by LMI households. Rents for units assisted with Lead, Healthy Homes, and Healthy Homes Production funding may not exceed Fair Market Rent. Rents for units assisted with CDBG funds must not exceed High HOME Rent limits, which are updated annually by HUD and available here. Property owners must certify annually that rents will not exceed the applicable rent limit during the compliance period.
Apply to the program:
Click here to apply online. If you require assistance, contact Danny Aguiar at Daguiar@cityofmalden.org or 781-324-5720 x5729.
Administered by the Office of Strategic Planning and Community Development