Waterbury ADU Program
Downstreet Housing and The Town of Waterbury have partnered to create an Accessory Dwelling Unit (ADU) program.
If you are a resident of Waterbury and would like to create an ADU within your home or on your property, this program can offer up to a $30,000 Grant to assist with the construction of your project.
As a requirement of the program, you will need to make a 20% contribution before any funds will be disbursed. You will also need to rent at or below 110% of the HUD FMR for a minimum of 5 years.
Disbursement Schedule
This is a reimbursement program and will require paid invoices with matching proof of payment. There is no retro active reimbursement for work already completed or paid for.
-Initial Disbursement of 35% occurs once a 20% contribution is made to the project.
-2nd Disbursement of 25% occurs once there is proof of the previous 35% disbursement has been used towards the project and is subject to a 50% completion inspection.
-3rd Disbursement of 25% occurs once there is proof of the previous 25% disbursement has been used towards the project and is subject to a 100% completion inspection.
-Final Disbursement of 15% occurs once there is a total of $36,000 in paid invoices with proof of payment and a signed lease agreement with a tenant.
How To Apply
Download the Waterbury ADU application here.
If you are interested in knowing more about the program, or wish to submit an application, please contact Ryan Carpenter at Downstreet Housing and Community Development at
802-477-1330
