BACK TO BOARDS & COMMITTEES
The Richmond CDBG Revolving Loan Committee meets on the first Tuesday of every month at the Richmond Town Office at 6:00 p.m.
The Town of Richmond has community revolving loan funds that are available to provide low interest loans to eligible property owners and businesses throughout Richmond. Applications are available at the Town Office for anyone interested in borrowing money.
CDBG Loans-Are available to:
- Make energy conservation improvements
- Install septic or water systems
- Replacement heating systems
- Repair roofs
- Other home repair's
Maximum aggregate amount to borrow is $20,000 with repayments up to 10 years @4% interest.
TIF Loans-Are available for Richmond Businesses:
- Building improvements or repairs
- Business equipment
- Business marketing cash flow
Maximum aggregate amount to borrow is $25,000 with repayments up to 5 years @5% interest.
Debbi Howe, Chairman, 737-2284
Laurie Boucher, Secretary 737-4305 ext 200
Carol Browne, Alternate 737-5680
Tracy Tuttle, 737-4305 ext 311
Lois Legendre 737-2779
Joyce McKenney 737-4257
Helpful Documents from the CD Revolving Loan Committee:
Brochure
CDBG Revolving Loan Application
TIF Application