The Wisconsin Department of Administration, Division of Housing, has awarded the Northwest Regional Housing Program $1,933,000 in Community Development Block Grant (CDBG) housing funds.
The CDBG housing rehabilitation funds will be available to qualifying applicants to make necessary repairs to owner- and renter-occupied housing units and to provide down payment assistance to qualifying families purchasing a home.
The Northwest Regional Housing Program area is represented by the counties of Ashland, Bayfield, Burnett, Douglas, Iron, Price, Rusk, Sawyer, and Washburn. Funds will be available to income-eligible clients throughout the nine counties for housing repairs or replacement of windows, exterior doors, shingles, siding, insulation, furnaces, wiring, plumbing, water and sewer laterals, failing septic systems, and other major home repairs.
Owner-occupied housing repair funds are available through a zero percent interest, deferred payment loan, while renter-occupied housing repair funds are in the form of a zero-three percent interest loan with a monthly payment plan over a 10-year term.
Eligible families who are renting could access zero percent interest, deferred payment loans to assist in the purchase of a home. Funds may be used for select closing costs and up to 50 percent of a reasonable down payment for the purchase of a home by qualifying applicants. The down payment assistance program requires a 50 percent match by the applicant.
The Northwest Regional Planning Commission, based in Spooner, is administering the regional housing program. To determine if you may qualify and to get an application please contact Bonnie Carlson, Housing Development Specialist at 715-635-2197.