Grant to home loans
The town has received $250,000 in funding for housing rehabilitation from the Department of Housing and Community Development., members of Council and members of the Pocomoke City Mayor learned at Monday night. This funding will be used for owner-occupied homes and loans with two percent interest for landlords for deferred loans. If the homeowners stay in their homes for five years until 15 years the loans are forgiven.
The program was started in 1976, City Manager Russell W. Blake said. The town now has a waiting list for loans and has run out of funds. The council voted to approve them after seeing the plans for improvements at the new police headquarters. The new location will be on Market Street – which is near the firehouse. Bids for construction completed construction in February or March and should be available at the next meeting, Blake said.
In the former armory on Second Street, The police department is presently housed. The council authorized the purchase of supplies for extension of water mains from the new town well to the water treatment plant. This project would give the town a backup system in case one of the town wells goes down, Blake said.