- Forgiven after 5 years provided Owner or Landlord continues to own property*
*Transfer of ownership to an estate, or willed to family or other entity will not trigger repayment of the lien
- Lien balance will be decreased by 20% (of initial lien amount) each year
- Sale of the house in less than 5 years will trigger repayment of the balance due at that time
Lien Example
Homeowner receives $10,000 for a new roof:
Lien Balance after:
Year 1 - $8,000
Year 2 - $6,000
Year 3 - $4,000
Year 4 - $2,000
Year 5 - $0