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Coventry council approves $250,000 replenishment for community septic loan program
Summary
Council approved a $250,000 non‑restoring line of credit to replenish the town’s community septic loan program, which provides low‑interest loans to homeowners replacing failing septic systems; staff said town liability is minimal and CDBG will assist with outreach and administration.
The council approved Resolution 2024‑110 to replenish the Community Septic Loan Program with a $250,000 non‑restoring line of credit intended to help homeowners finance septic system replacements. Staff described the program mechanics, noted that the town has historically had minimal liability on defaults, and said Community Development Block Grant (CDBG) staff will help administer outreach and intake.
Council discussion covered program demand, how the loan product has functioned historically, and how the program should be publicized. One council member asked whether the town actively advertises the program; staff said the program is typically listed on department pages and that CDBG serves as an intermediary and point of contact. Council also discussed cross‑referencing planned sewer expansions so homeowners can make informed choices about replacing septic systems that may be in an area slated for sewer service.
The resolution was approved by roll call (7‑0). Council asked staff to return with program details for outreach and to ensure coordination with the town’s wastewater facilities plan.
