Financing

Currently, the loan amount is up to $50,000. Most loans require no monthly payments and no interest. Repay the loan when you sell the house.

The Commonwealth of Massachusetts sponsors the Home Modification Loan Program (HMLP), which provides low and no-interest loans to homeowners. The modifications can be for themselves, resident family members, and tenants with disabilities. Modifications must allow the beneficiary accessible improvements.

The program has helped countless people remain safe and independent in their homes. We have extensive experience filing the necessary paperwork and dealing with the staff administering the Home Modification Loan Program. For information about the loan program, visit the links below. Contact us at 617.923.4545 to find out what modifications we can do for you.

• About the Program
• Who is Eligible?
• How Do I Apply?
• Contact Information – Regional Provider Agencies

For more details, call the state HMLP Office at 617- 425-6637.

Specialty adapted housing grants ( SAH )
For qualified veterans grants up to $ 100,000 for home modifications.

Home Improvement Structural Alterations (HISA)
CURRENTLY THE GRANT IS FOR SEVERAL THOUSAND DOLLARS FOR HOME ACCESSIBILITY MODIFICATIONS

Department of Veterans Affairs
This program requires that the veteran has been hospitalized within one year of the application date and that accessibility adaptations are medically necessary. For further information, call (800) 827-1000 or visit www.va.gov.

SOME INSURANCE POLICIES CONTAIN HOME MODIFICATION BENEFITS THAT CAN BE USED FOR STAIR CHAIR PURCHASES AND OTHER HOME MODIFICATIONS. CALL YOUR INSURANCE COMPANY.

Tenants have the right to perform reasonable accessibility adaptations to their apartments, and landlords should welcome the opportunity to not only provide INFORMATION ON financial assistance but also find the appropriate special equipment that ultimately will enhance the property.

Other creative financial assistance resources can include fraternal clubs, special gift funds, local chapters of disability organizations, the Department of Housing and Urban Development (www.hud.org), the Fannie Mae Foundation (www.fanniemaefoundation.org), equity financing, case management/managed care and special income tax deductions.