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Home Improvement Programs

1) HOME consortium Homeowner
Rehabilitation Deferred Loan Program

Presented By: HOME Consortium, 515 W. Moreland Blvd, Room AC320, Waukesha, WI 53188. Contact Debbie Narus at 262-896-8170.

The HOME Consortium operates a loan program to provide low to moderate income households with access to funds for modest home repairs. The loan is provided as a no-interest deferred loan of up to a maximum of $15,000 for households with incomes at or below 80% of the area median. There are no monthly payments, and the entire loan is due upon sale of the home.

Eligible Properties: The homes must be owner-occupied, single family attached or detached units (such as condominiums). In addition, the value of the home cannot exceed HUD maximum after-rehab value limits, as outlined below.

Eligible Repairs: Priority activities include repairs to mechanical or structural items that present an imminent health and safety problem, such as:

  • - roofs
    - mechanical systems (e.g. furnaces and hot water heaters)
    - plumbing, water or water/sewer laterals in disrepair
    - windows in disrepair
    - foundations
    - siding
    - any accessibility improvements

Once repairs have been completed, all homes must meet HOME Consortium Code Requirements or additional work will be required. The program provides a 0% deferred loan of up to $15,000 per owner-occupied unit. Funds will be provided after work is complete and is cleared for HQS Standards, Lead Paint Standards and all local codes. Any payments required by contractors prior to the completion and final inspection of the work is the home owner’s responsibility.

Procedure:

  • - Contact WPHD staff to obtain application and determine eligibility
    - Schedule a home inspection where our inspector completes a
    - Scope of Work detailing necessary repairs to meet code and other improvements
    - Homeowner gets bids from contractors
    - Loan closing (this gets recorded as a lien on your property)
    - Contractor, homeowner and WPHD review owner/contractor agreement
    - Work begins on home
    - Funds are not released to pay contractors until the home passes the final inspection
Household Size Income Limit
1 $38,750
2 $44,250
3 $49,800
4 $55,300
5 $59,750
6 $64,150
7 $68,600

2017 Purchase Price Limit for Jefferson County is $176,000. Purchase price limits and incomes are subject to change, call for the latest information.

2) Southern Housing Homeowner
Rehabilitation Deferred Loan Program

Presented By: Southern Housing Region. Contact Kari Justman at 800-552-6330.

The Southern Housing operates a loan program to provide low to moderate income households with access to funds for modest home repairs. The loan is provided as a no-interest deferred loan for households with incomes at or below 80% of the area median. There are no monthly payments, and the entire loan is due upon sale of the home. Application fee is $605; this amount can be reimbursed as a part of the grant awarded.

Eligible Properties: The homes must be owner-occupied, single family attached or detached units (such as condominiums). In addition, the value of the home cannot exceed HUD maximum after-rehab value limits, as outlined below.

Eligible Repairs: Priority activities include repairs to mechanical or structural items that present an imminent health and safety problem, such as:

  • - roofs
    - mechanical systems (e.g. furnaces and hot water heaters)
    - plumbing, water or water/sewer laterals in disrepair
    - windows in disrepair
    - foundations
    - siding
    - any accessibility improvements

Once repairs have been completed, all homes must meet Southern Housing Code Requirements or additional work will be required. The program provides a 0% deferred loan of up to 115% loan to value ratio. Funds will be provided after work is complete and is cleared for HQS Standards, Lead Paint Standards and all local codes. Any payments required by contractors prior to the completion and final inspection of the work is the home owner’s responsibility.

Procedure:

  • - Contact MSA staff to obtain application and determine eligibility
    - Schedule a home inspection where our inspector completes a
    - Scope of Work detailing necessary repairs to meet code and other improvements
    - Homeowner gets bids from contractors
    - Loan closing (this gets recorded as a lien on your property)
    - Contractor, homeowner and MSA review owner/contractor agreement
    - Work begins on home
    - Funds are not released to pay contractors until the home passes the final inspection
Household Size Income Limit
1 $38,750
2 $44,250
3 $49,800
4 $55,300
5 $59,750
6 $64,150
7 $68,600

Purchase price limits and incomes are subject to change, call for the latest information.