Description:
Under the CDBG (Community Development Block Grant) Housing Revolving Loan Fund, homeowners in owner-occupied dwellings and homebuyers receive 0% interest loans that are either deferred or low monthly payments.
Rental rehabilitation loans are 0% to 3% monthly installment loans. Loans are due in full when the title changes or when the home ceases to be the homeowner’s primary residence or when the property is sold.
CDBG housing funds can only be used for CDBG eligible activities.
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ELIGIBLE ACTIVITIES
Home and Rental repairs
•Plumbing
•Electrical
•Roofing
•Siding
•Flooring
•Windows
•Stairs
•Foundation
•Structural
Septic system repairs and replacements
Wells
Furnaces
Hot Water Heaters
Down payment and closing cost assistance (Homebuyer Only)
Accessibility improvements for persons with disabilities
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ELIGIBILITY
To be eligible for CDGB-RLF rehab loan you must be either an LMI household or a landlord who is renting to an LMI household. An LMI household is defined as a household with a pre-tax income that is at or below 80% of the county median income (CMI). LMI renters may also qualify to receive homebuyer assistance.
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APPLICATION INFORMATION
For information and CDBG Housing program requirements in your community, contact your CDBG Housing representative:
City of Milwaukee - (414) 286-3842
Milwaukee County - (414) 278-4880
Wauwatosa - (414) 479-8957
West Allis - (414) 302-8460