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Posted on: March 2, 2016

Home Repair and Down Payment Funds Available

Housing rehabilitation funds totaling $2.1 million are available to qualifying home owners to assist in repairs to roofing, siding, well, septic, heating, electrical, windows, doors, sewer and water laterals, and handicapped accessibility modifications.

Funds are also available for emergency housing repairs threatening health, safety, and general household welfare. Qualifying home owners can access zero percent interest deferred payment loans secured by a mortgage. The property must be titled in the owner’s name, property taxes current, and the property insured. Applicants must also meet income eligibility requirements based on household size.

Landlords with qualifying rental units can access zero percent interest loans amortized up to 10 years. Qualifying persons currently renting and looking to purchase a home may be eligible for down-payment assistance in the form of a zero percent interest deferred payment loan.

Northwest Regional Planning Commission is administering the Northwest Regional Housing Program, representing the counties of Ashland, Bayfield, Burnett, Douglas, Iron, Price, Rusk, Sawyer, Taylor, and Washburn and is accepting applications. For more information and an application, call Kim Gifford at 715-635-2197.

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