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Nags Head outlines $500,000 zero‑interest septic loan pilot for high‑risk properties
Summary
Town staff described a $500,000 Division of Water Infrastructure zero‑interest loan pilot that would prioritize properties vulnerable to septic failure, propose a $20,000 maximum for zero‑interest loans with a five‑year payback and require Davis‑Bacon and American Iron and Steel compliance; staff will refine criteria and submit a scope to DWI for approval.
NAGS HEAD, N.C. — Planning staff presented a proposal for a $500,000, zero‑interest loan pilot aimed at homeowners with failing or vulnerable conventional septic systems, saying the program will prioritize properties nearest waterbodies and households with demonstrated vulnerability.
"It is a pilot program," Planning and Development Director Kelly Wyatt said, noting the town must submit a scope to the Division of Water Infrastructure (DWI) and obtain Local Government Commission (LGC) approval before implementation. "We're hoping to have that completed by the end of June, early July, hopefully so that we can get that to them for their consideration and hopefully their approval."
Why it matters: Nags Head staff said concentrating assistance on properties adjacent to…
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