Eliminates and stabilizes lead-based paint hazards and other lead related hazards for single-family and multi-family residences. Includes both interior and exterior lead paint hazards.

The following repairs are eligible:
-- Replace windows and door with lead-based paint
-- Stabilize or remove lead-based paint on porches
-- Stabilize deteriorated lead-based paint on the interior and exterior of the home
-- Replace soil that contains high levels of lead

HOMEOWNERS must meet the following guidelines:
-- House is located in the targeted area
-- Household has children age six or under; priority is given to children with elevated blood levels of 5 ug/dl or higher
-- Income is at or below 80% of HUD median family income

INVESTOR-OWNERS must meet the following guidelines:
-- Household has children age six or under; priority is given to children with elevated blood levels of 5 ug/dl or higher
-- Rent to income eligible households and agree to affirmatively market units to households with young children for a three-year period
-- The unit must be currently occupied

Funding is in the form of a grant or secure deferred payment loan (DPL) meaning that a lien is placed on the property for 36 months. The lien is released after three years if all loan requirements are met, and no repayment is necessary.