Conn. to offer homeowners low-interest loans

(AP) - The state is offering $1.5 million inemergency low-interest loans to help homeowners make repairsfollowing last week's flooding.The 2 percent loans will help finance

HARTFORD - (AP) - The state is offering $1.5 million inemergency low-interest loans to help homeowners make repairsfollowing last week's flooding.

The 2 percent loans will help finance repairs to basements,foundations, roofs and insulation and the purchase of appliancessuch as furnaces and hot water heaters that were damaged frombasement flooding.

Loan amounts are capped at $20,000 for structural repair, $750for hot water heaters and $7,000 for furnaces.

The damage must be specific to the recent floods and verifiableproof is required with photos, videos. Detailed notes andmeasurements are needed for documentation.

The Department of Economic and Community Development will makeavailable the loans that will be administered by the ConnecticutHousing Investment Fund.

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