Northwest Regional Planning Commission

The City of Ladysmith was selected to receive $560,000 from Wisconsin?s Division of Housing and Community Development to be used towards owner-occupied housing repairs, renter-occupied housing repairs, and down payment and closing costs for renters seeking to purchase a home.

The housing rehabilitation program will assist eligible low- to moderate-income (LMI) households who are at or below 80 percent of the county median household income level. The income limits for LMI households are: 1 person-$30,750; 2 persons-$35,100; 3 persons-$39,500; 4 persons-$43,900; 5 persons-$47,400; 6 persons-$50,900; 7 persons-$54,450; and 8 persons-$57,950.

Under the owner-occupied housing rehabilitation program, zero percent, deferred-payment loan funds are available to make major repairs or replacement to heating, plumbing, electrical, siding, doors, windows, foundation and structure, roof, and water or sewer laterals.

Under the home purchase program, renters seeking to purchase a home can receive zero percent, deferred-payment loan funds to be used to pay up to one-half of the required down payment and eligible closing costs.

Landlords may also make major repairs to rental units. Funds used on rental unit repairs will be subject to zero percent interest rates with up to ten years in which to payback the loan. Tenant income restrictions apply to the rental units for the first five years.

To discuss the availability and participation requirements regarding the Ladysmith housing rehabilitation program please call Bonnie Carlson at 715-635-2197 or 800-891-3042.

Northwest Affordable Housing, who provides funding assistance to qualified clients in the Counties of Burnett, Washburn, Sawyer, Rusk, Price, Taylor, Iron, Ashland, Bayfield and Douglas, announces financial assistance in the form of a zero percent interest, deferred payment loan for housing rehabilitation or to purchase a home. The borrower pays the loan back once the dwelling no longer remains the owners principal place of residence. Projects include: roofing, siding, heating, electrical, windows and doors, insulation, foundation, sewer, septic and wells, and handicapped accessibility.

Northwest Affordable Housing Inc. is a corporation developed for the purpose of promoting affordable and accessible housing for low and moderate-income persons. For further information about this program please contact Bonnie at 715-635-2197.