RePAIR Program

The Rehabilitation Program Assisting Investment Rentals (RePAIR) provides technical and financial assistance to Burlington's landlords. The goal of the RePAIR program is to improve the safety and comfort of Burlington's rental housing.

RePAIR will help landlords:

• Assess project feasibility
• Develop a scope of work
• Obtain answers to apartment rehabilitation questions from city departments including Planning & Zoning, Inspection Services, and Minimum Housing.
• Coordinate free technical information, grants and / or low interest loans for:
• Weatherization Improvements
• Heating System Upgrades
• Lead Paint Hazard reductions
• Finance rehabilitation projects:
  • Chittenden Bank RePAIR funds
    • Amortized for 25 years
    • Balloon payment in 7 years
    • Prime - 2% years 1-2, fixed rate (minimum 5%)
    • Prime + 2% years 3-7, fixed rate
    • 75% loan to value
  • CEDO's Section 108 funds
    • 7.5%, 15 years, fixed rate
    • Second mortgage
    • 85% loan to value
    • May be used in conjunction with Chittenden RePAIR funds

The Red Tape:

• Buildings must be located in Burlington
• At least 51% of the building must be residential. RePAIR funds are designated for housing rehabilitation projects.
• At least 51% of tenants must have incomes less than 80% of median income
• Rents are capped to Burlington Housing Authority (BHA) Payment Standards during rehabilitation and for 1 year following project completion
• Completed RePAIR projects must meet Burlington's Minimum Housing Ordinance and Time of Sale Energy Audit Standard.

Call today to discuss your project!!

For more information, contact:

Todd Rawlings, Housing Program Coordinator
802·652-4209