P.A.L.S. Program
OAK BLUFFS, EDGARTOWN, & CHILMARK - 2017-2018

Program Guidelines

The RESOURCE INC. (TRI) is a private, non-profit organization dedicated to providing solutions to the affordable housing and economic development issues facing the Towns of Martha’s Vineyard. TRI is currently accepting applications for the P.A.L.S Program, funded by Community Preservation Funds in the Towns of Edgartown, Oak Bluffs and Chilmark. These guidelines are provided to those interested in a program overview. Deferred forgivable loans of up to 35,000 at 0% interest are available to qualified applicants, whom meet the below 100% of area wide median income requirement.

The P.A.L.S Deferred Loan Program grant priorities are to:

  1. Address the health and safety repairs in single-family, owner-occupied properties.
  2. Increase and maintain the supply of affordable, year-round rental housing.

PROPERTY GUIDELINES:

Owner Occupied Single-Family Homes

THE HOUSING REHABILITATION LOAN:

ELIGIBLE PROPERTY REPAIRS:

PROGRAM TECHNICAL ASSISTANCE:

PROGRAM PRIORITIES:

Income Eligibility Chart - Dukes County, MA
(Below 100% of Area Median Income -2017)
Household Size Maximum Income Limits
1 $60,895
2 $69,595
3 $78,295
4 $86,995
5 $93,995
6 $100,995
7 $107,895
8 $114,895
Single-family property owners cannot exceed income limits.
Tenants if any residing in units cannot exceed income limits.


QUESTIONS?

Please feel free to call Melissa Vincent, Program Manager for The Resource Inc. on Martha's Vineyard, or Chrissy McCarthy Administrative Assistant at (508) 696-3285 for an application as well as more information on this program.

P.A.L.S. Application (PDF)