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Nags Head pursues $500,000 0% septic loan program to target 283 vulnerable properties
Summary
Town staff announced a $500,000 Division of Water Infrastructure scope approval that would allow low‑interest loans up to $20,000 per property at 0% for five years; staff will target about 283 low‑lying properties for outreach and pre‑qualification once formal funding is received.
Town leaders told the Board of Commissioners on April 1 that the Division of Water Infrastructure has approved the scope for a $500,000 program to expand the town’s existing septic repair loan offering.
Under the proposed program staff described, property owners could receive up to $20,000 per property with a five‑year, 0% repayment term; the program builds on the town’s existing low‑interest septic loan (up to $12,000).…
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