Neighborhood Improvement Development Corporation NIDC
NIDC works with City departments, community-based agencies, financial institutions, developers, local foundations, and most importantly, residents, to improve Milwaukee’s neighborhoods.
NIDC is affiliated with the City of Milwaukee’s Department of City Development.
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Targeted Investment Neighborhoods TINs TINs sustain and increase owner-occupancy, provide high quality affordable rental housing, strengthen property values, and improve neighborhood physical appearance and quality of life. TINs focus resources for 3 years on a small area, generally 6 to 12 city blocks.
**UPDATE: Beginning 12/01/2012, applications to the Home Rehabilitation Program will be limited to elderly homeowners (62 years and older) and residents of TIN neighborhoods**
The Home Rehab program offers assistance to income-eligible homeowners. Generally only code-related work is eligible through this Program. The property must be located in the Community Development Block Grant Area (CDBG) and meet program standards when the rehabilitation is complete. Interest rates and terms are tied to income and family size. To see if your property is in the CDBG area, click here, then key in your address and open the “Special Interest” tab.
The Rental Rehab program offers rehabilitation assistance to responsible investors who agree to rent to income-eligible tenants. The property must be located in a Targeted Investment Neighborhood (TIN) and meet program standards when the rehabilitation is complete.
Generally, units must have at least 2 bedrooms to qualify.
Healthy Neighborhoods Initiative Working with the Greater Milwaukee Foundation, this initiative focuses on a neighborhood’s positive attributes and works to engage neighbors and homeowners to invest in their neighborhoods and position them as good places to live.
Tax Incremental Districts TIDs The City of Milwaukee has a limited number of neighborhood-based Tax Incremental Districts, a special financing tool that enables the City to borrow against the growth of tax base in order to create a pool of loan resources.
Emergency Loan Program Help for homeowners throughout the City of Milwaukee NIDC offers assistance to income-eligible owner-occupants throughout the City of Milwaukee. The Homeowners’ Emergency Loan Program (HELP) is available for emergencies that, if not corrected, would make the home uninhabitable. HELP is not available for maintenance, code violations, or other work that is not a true emergency.
Neighborhood Stabilization Programs NSPs NIDC is working to limit the impact of foreclosed homes in Milwaukee neighborhoods. Go to www.milwaukee housinghelp.org for more information about purchasing a foreclosed home through NSP Home Buyer Assistance or NSP Rental Rehabilitation.
Community Improvement Projects CIPs Matching grants of up to $3,000 are available for sustainable projects that physically enhance a neighborhood and increase resident camaraderie.
NIDC 809 North Broadway, 3rd Floor Milwaukee, WI 53202-3617
414-286-5608 nidc@milwaukee.gov
Our mailing address is: NIDC P. O. Box 511730 Milwaukee, WI 53203-0291
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