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HOW IT WORKS
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Participating Communities
- Coventry
-
East Providence
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North Smithfield
- Tiverton
- Warwick
Loan Terms
- Maximum loan amount: $10,000, with a term of up to five years
- Most other loan terms are the same as the CSSLP
- Funding is released to the homeowner when RIHousing receives a Certificate of Compliance after the work is completed
- Cost to properly abandon the existing septic system (pumping out its contents and filling it with sand) is also STILF-eligible
![](http://rihousing.wpengine.com/wp-content/uploads/2019/05/AdobeStock_68614900_small.jpg)
Loan Terms
- Maximum loan amount: $10,000, with a term of up to five years
- Most other loan terms are the same as the CSSLP
- Funding is released to the homeowner when RIHousing receives a Certificate of Compliance after the work is completed
- Cost to properly abandon the existing septic system (pumping out its contents and filling it with sand) is also STILF-eligible
Loan Activity
- 49 loans closed for a total of $197,782
- Average loan amount: $3,552
- Monthly payment for a $4,000 loan with a 5-year term would be $68