Funds are in the form of a zero percent interest, deferred payment loan, secured by a mortgage. The property must be titled in the owner’s name, property taxes current, and the property insured. Landlords with qualifying rental units can access zero percent interest loans amortized up to 10 years.
Applicants must fall at or below certain income limits based on household size. The Northwest Regional Planning Commission, based in Spooner, is administering the program which represents the counties of Ashland, Bayfield, Burnett, Douglas, Iron, Price, Rusk, Sawyer, Taylor, and Washburn. For more information and an application, contact Ashtin Gronning at 715-635-2197 or firstname.lastname@example.org.