PUTNAM --- Mayor Anthony Falzarano has announced that the Town of Putnam has been awarded a $400,000 Community Development Block Grant (CDBG) under the housing rehabilitation category for town-wide housing rehabilitation. As part of the award, the Town of Putnam is seeking interested parties to further develop a waiting list of property owners interested in participating in the program.
Also, anyone considering taking advantage of this program may contact Jackie LeFevre, Putnam Redevelopment Agency at 860-963-6834 or call Small Cities Consultants Lisa Low & Associates at 203-888-5624. The deadline for submitting a letter of interest is March 28.
The purpose of this grant is to provide funds for low and moderate income homeowners to make needed repairs to their homes. To be eligible, single homeowners must have an annual income that does not exceed $44,750 or a maximum of $51,150 for a household of two. For households of 3 persons or more, please refer to the 2014 HUD Income Limits. In addition, homeowners must be tax current and have a minimum of 15 percent equity in their home.
One of the benefits of this grant is that since the money goes out as loans – at 0 percent interest which must eventually be repaid either by the homeowner or when the house changes title – the grant allows the Town to establish a revolving loan fund in perpetuity to provide assistance to some residents who need home repair but do not have the funds to make the repairs and who cannot obtain the funds through bank loans.
Some possible uses that have been identified include replacing failed furnaces, roofs, windows, and septic system repairs. These funds can provide for ADA modifications to homes as well, such as entrance ramps and bathroom modifications.
To fulfill this grant, the Town must demonstrate that there is a demand and need for this program, that residents would welcome this assistance and would take advantage of the program to rehabilitate their homes.
Please visit the Town’s website: www.putnamct.us and click on the “Redevelopment” page under “Departments” to fill out a “letter of intent”.
POMFRET CENTER — Jim Weiss, AAMS, RLP™ and Laurence Hale, AAMS, CRPS® and their investment advisory firm, Weiss & Hale Financial of Pomfret Center have achieved “Summit Club” status at Commonwealth Financial Network. Jim and Laurence are independent financial advisers affiliated with Commonwealth and have been recognized among Commonwealth’s network of 1,487 financial advisers.
Wayne Bloom, CEO of Commonwealth said, “We are pleased to award both Jim and Laurence with this elite recognition.” He added, “Among the most esteemed financial advisers in our business, and exceptionally valued members of the Commonwealth Financial community, the advisers at
Weiss & Hale Financial epitomize the drive, dedication, and commitment essential to attaining this level of industry success.”
In honor of this distinction, advisors Jim and Laurence will join peers at the Summit Club Conference for educational workshops geared toward fresh perspectives on market and industry tools. The conference will also grant them ample time to network and to share industry knowledge with colleagues from across the US. Laurence Hale, CIO/Managing Partner noted: “Both Jim and I are honored to be included in this influential group of national advisors as we develop our business to best serve individuals and not-for-profit institutions with portfolios over $500k. Commonwealth provides back office service and research to our dedicated client service team and it’s a true vote of confidence to be selected to receive their Summit Club award.”
Then
This is downtown Putnam from the hill across the Quinebaug River, taken from Church Street. It was taken prior to the 1930s. Photos courtesy of Susan Calaman.
& Now
This is the same spot in downtown Putnam today. The steeple of the Congregational Church of Putnam has been replaced at least twice since the Then photo was taken.
Honored
KEENE, N.H. — Keene State College has released the Dean’s List for the fall semester 2013. Local students include: Megan Lowell of Chepachet and Joshua Malboeuf of Woodstock.
On list
BELOIT, Wisc. — Senior Kate Taylor of Chepachet has been named to Beloit College’s Dean’s List for the fall 2013 semester.
Honored
PROVIDENCE — The following local residents have been named to the Dean’s List at Providence College for the Fall 2013 semester: Anna Dumais of Pascoag, class of 2016; Sara Gorham of Chepachet, class of 2014; Rebecca Incera of Pomfret, class of 2015; Emily Sachs of Pomfret Center, class of 2014.