The Town of Ipswich invites homeowners with failed
septic systems to apply for a Betterment Loan under the Town’s Septic
Management Betterment Program.
The proceeds of a $200,000.00 loan from the Massachusetts Water
Pollution Abatement Trust and the Massachusetts Department of Environmental
Protection are being utilized to help homeowners comply with Title 5, 310 CMR
15.000 of the State Environmental Code by providing financial assistance to
homeowners to upgrade or repair their septic system. The goal of the Betterment
Program is to protect the public health, safety, welfare and the environment through
the repair, replacement and/or upgrade of failed systems.
Loan is a Financial Agreement between a homeowner and the community. The Betterment
Agreement outlines the rights and responsibilities of the community and the
homeowner. The community agrees to
provide financial assistance to the homeowner for the upgrade or repair their
septic system. The homeowner contracts to have the work done and agrees to
repay, with interest, any money advanced by the community over an agreed upon
period of time.
homeowner signs a Betterment Agreement and the community records a Notice of
Betterment Agreement at the Registry of Deeds for the homeowner's
homeowner pays off the betterment loan over time, as an
additional line item on their property tax bill. Loan payments must be made annually with the third
quarter tax assessment.
Betterment Loan is provided at a two (2%) interest rate for a period of 5, 10,
15 or 18 years. At the time of
application there is no credit check required, although all municipal accounts
must be paid up to date. All costs necessary
to repair or replace a failed on-site system, including engineering and design
can be included in the Betterment Loan.
homeowners who have a septic system that has failed an Official Title 5
Inspection conducted by an Ipswich permitted System Inspector are
eligible. A septic design approved by
the Board of Health is needed before you can apply for a Betterment Loan.
application is processed under the direction of Colleen E. Fermon, Director of
Public Health /Betterment Program Administrator. If you are interested, contact the Ipswich Public
Health Office at 978-356-6606 for more information.