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Nags Head accepts $500,000 0% septic‑health loan from DEQ to launch residential program
Summary
The board approved a resolution authorizing town staff to accept a $500,000 0% interest loan from DEQ for a residential septic‑health loan program and authorized staff to execute related contracts so the program can begin.
The Board of Commissioners authorized town staff July 1 to accept a funding offer from the Department of Environmental Quality (DEQ) for a $500,000, 0% interest residential septic‑health loan program.
Staff said the offer is the last administrative step needed to begin offering loans, and asked the board to adopt a resolution authorizing the town manager and the designated staff member to execute contractual documents required by DEQ. The board moved, seconded and approved the resolution by voice vote.
The funding provides the town with a loan pool to offer 0% residential loans for septic improvements; staff said additional program details and outreach steps will follow. The board authorized staff to accept the loan and to sign necessary contracts so the program can be implemented without waiting for the next meeting.
The vote authorizes staff to proceed; staff will return with program implementation details and any administrative rules required by DEQ.
