Program Summary: Offers low and no-interest loans to income-qualified homeowners in suburban communities of Milwaukee County (excluding the cities of Milwaukee and West Allis). Loans are funded through the U.S. Department of Housing and Urban Development.
Emergency Home Repair: Loans are made to restore basic functions to home including: water, hot water, heat and municipal order compliance.
Standard Loan Programs: Cover a wide range of repairs including: roofing, siding, trim, windows, porches, foundation repair, heating, plumbing, electrical, or other necessary repairs.
Qualifying Homes: Homes must be owner-occupied and must be located in Milwaukee County (excluding the City of Milwaukee and City of West Allis). Homes must be single-family or duplex and must have equity to cover the cost of repairs. Milwaukee County places a lien on the property to secure the loan. HOME-funded loans can be made on homes with an after-rehab fair market value of $219,545.
Qualifying Households: Households must meet the income guidelines based on family size and gross income including assets. Households must have the ability to repay the loan, not have had a foreclosure action or bankruptcy in the past 12 months, be current on taxes and utilities, and have owned the home for at least 12 months. Applicants must own the home – no loan contracts or trusts.
Household Size Income Limit (2019)
HOME Program Maximum Home Value: $201,000 Listed in Milwaukee County Home Repair and Home Chore Resource Manual