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Town of North Kingstown The Town of North Kingstown Community Development program invites applications for home repair from residents of the Davisville Revitalization Area. Funds for the repair of homes occupied by persons or families of low to moderate income are available as loans at 0% (low income/elderly) or 3% (moderate income) for negotiable terms. The Davisville target area is described as that area within the bounds of Post Road, School Street and Devil's Foot Road. Loan limits are not capped and can be made for up to $10,000/unit, or more depending on circumstances. Interest rates are fixed and do not change, and loans have no pre-payment penalty.
Income restrictions apply to eligibility and are relative to family size. A family of three, for example, would be eligible for a 0% loan at an income up to $25,300 or a 3% loan up to an income of $40,450.
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