Housing Rehabilitation Program Loans
Brookfield still has funds available for the 0% interest loans on a first come, first served basis to qualified low- and moderate-income residents. Homeowners qualify if they are within HUD income limits, have sufficient equity in the property and all municipal taxes are current. You are not required to pay back the loan until transfer of title to home.
The mission of the program is two-fold: to serve as many candidates as we can with limited resources and to focus on health and safety improvements (not high end remodels) to the homes of low and moderate income residents. For further details or to apply, contact:
Lisa Low & Associates (203) 888-5624
Real Estate Tax CREDIT for Seniors
There are real estate tax credit programs available for senior homeowners living in Brookfield.~Please make sure you file each year for the Town’s Tax Credit. You will need a copy of your 2014 Federal Income Tax return or year-end tax statements if you do not file a return.
- The State Tax Credit program has an annual income limit of $34,600 for singles and $42,200 for married couples. You must be 65 years old by December 31st of the prior year.
- The Town Tax Credit has higher income limits ($48,444 single, $59,080 married) but also requires that the net assessment of your principal residence shall not exceed the median assessment of the current Grand List (currently $239,800). Homeowners must have resided and paid real estate taxes on their residence in Brookfield for a period of five years immediately prior to their application and is current on their tax payments. Property must be the legal residence of such person, occupied more than 183 days of each calendar year.
- Veterans may also be eligible for a credit based on service during an eligible war period and having been honorably discharged.
- Applications for each of these credits are filed beginning Feb. 1st of each year at the Brookfield Town Assessor’s office.~ The deadline to file your application for the Town and State Credit is May 15, 2015. Please check with the Assessor’s Office 203-(775-7302) or the Brookfield Town’s website (www.Brookfieldct.gov) for further details.