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Nags Head staff outline $500,000 0% septic repair loan program targeting 283 vulnerable properties
Summary
Town staff said the Division of Water Infrastructure approved a $500,000 0%‑interest septic repair loan program that can offer up to $20,000 per property (5‑year payback). Staff will target ~283 low‑lying properties and provide prequalified contractor lists, with Davis‑Bacon and American Iron & Steel compliance noted.
Town planning and environmental staff told the Board on April 1 that the town’s scope for a Division of Water Infrastructure loan has been approved and will expand the existing low‑interest septic program.
The program will remain a complement to the town’s existing up‑to‑$12,000 loan but will allow up to $20,000 per property at 0% interest repaid over five years for qualifying repairs. Staff said…
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