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NIDC
TARGETED INVESTMENT NEIGHBORHOODS (TINs) 

The Targeted Investment Neighborhood (TIN) initiative is designed to sustain and increase owner-occupancy, provide high quality affordable rental housing, strengthen property values, and improve the physical appearance and quality of life of neighborhoods. TINs focus resources for three years on a small area, generally six to twelve city blocks.
 

 

TIN resources are available ONLY in certain neighborhoods.
Click here to view the complete list and maps of the TINs.

Bricks and mortar are just a part of what’s needed to improve neighborhoods. NIDC’s TIN program works with residents to improve the quality of life in their neighborhood. NIDC’s Community Outreach Coordinator is a liaison between the neighborhood and City departments. Staff also provides assistance with community-building and outreach. 

 

NIDC offers two primary forms of assistance in the TINs:

Home Rehabilitation-TIN Loan Program    guidelines     application

Tenant Information Form (to be submitted only with application when
homeowners have tenants in a duplex property)

FOR OWNER-OCCUPANTS 

The Home Rehabilitation-TIN Loan Program offers forgivable, low-interest, and deferred payment rehab loans to income-qualified owner-occupants in a TIN. Interest rates and terms are tied to income and family size.

LOANS
Homeowners are eligible for up to a $15,000 forgivable loan provided it is matched at least 1 for 1 with a payback or deferred payment loan provided through the TIN loan program.  The $15,000 forgivable loan turns into a grant (i.e. is forgiven) after 5 years.  Program guidelines apply. Program priorities

  • Exterior repairs such as roofing, siding, porch repairs
  • Lead paint abatement including replacement windows
  • Energy conservation
  • Plumbing, electrical, heating
  • Kitchen, bath, and other remodeling are possible

The property must meet building code requirements upon completion of the rehab.

Income Guidelines (Effective February 5th, 2014 until next update)
Eligibility is limited to clients with household income no greater than:  

Household Size Household
Limit
Household Size Household
Limit
1 $39,400 5 $60,750
2 $44,950 6 $65,250
3 $50,650 7 $69,750
4 $56,250 8 $74,250


Technical Assistance
Experienced rehabilitation specialists perform a thorough inspection of the property, identifying problem areas. The rehab specialist works with the homeowner to write a scope of work (a list of the work that needs to be done) and then helps owners get bids from contractors. Once the work starts, the rehab specialist makes periodic inspections to make sure the work meets program requirements. 

Rental Rehabilitation-TIN Loan Program  application  Tenant Forms

For responsible investor-owners

The Rental Rehab-TIN Loan Program offers forgivable loans for rehabilitating rental properties located in a TIN. Generally units must have at least 2 bedrooms to qualify.

Loan Terms
Provided they meet other program requirements, landlords are eligible for forgivable loans of up to $14,999 per unit. The loans bear no interest rate, and after 5 years they are forgiven.

The owner must provide at least one matching dollar for each Rental Rehab dollar received. For example, the owner of a duplex would be eligible for up to $29,998 through the Rental Rehab program as long as the landlord invests at least $29,998 of his or her own funds into the project (bank loan, cash, etc). The landlord is required to spend his/her money first.

NIDC works only with responsible investor-owners.  Applicants must submit a Landlord Training Certificate from the Department of Neighborhood Services (DNS.)   For further information, contact DNS at 414-286-2954 or visit the website at http://city.milwaukee.gov/Landlordtraining

We also check to make sure landlords are current with property taxes on all owned properties in the City and that they have a good record with the Department of Neighborhood Services (Building Inspection).

Program priorities

  • Exterior repairs such as roofing, siding, porch repairs
  • Lead paint abatement including replacement windows
  • Energy conservation
  • Plumbing, electrical, heating
  • Kitchen, bath, and other remodeling are possible

The property must meet building code requirements upon completion of the rehab. In addition, the property must pass periodic re-inspections over a 5-year period.

Tenant Income Guidelines (effective 02/05/2014 until next update) and Rent Limits (06/01/2013)
Under most circumstances, income of tenants in units to be rehabilitated cannot exceed: 

Family Size Income Limit Family Size Income Limit
1 $29,600 4 $42,200
2 $33,800 5 $45,600
3 $38,000 6 $49,000


Landlords must provide annual re-certification of tenants’ income, and monthly rents are capped at $721 for a 2-bedroom apartment, $931 for a 3-bedroom apartment, and $968 for a 4-bedroom apartment.

Technical Assistance
The standards for the Rental Rehab Program are high. Experienced rehabilitation specialists perform a thorough inspection of the property, identifying problem areas. The rehab specialist works with the owner to write a scope of work (a list of the work that needs to be done) and then helps the owner get bids from contractors. Once the work starts, the rehab specialist makes periodic inspections to make sure the work meets program requirements.


Things you should know:

  1. Your real estate taxes must be current or paid in full.  If you are on the installment plan, you can't be delinquent.
  2. We will look at the amount of mortgage debt you have against
    your property.
  3. We will order a credit report and will review your credit history.
  4. If you have declared bankruptcy, your bankruptcy must be discharged 6 months prior to your application.  You should have a satisfactory credit history since the discharge.
  5. If you have received previous loans from NIDC or the City of Milwaukee, your application will be reviewed on a case-by-case basis.

 Last page update:  04/25/2014

City of Milwaukee logo  

NIDC

809 North Broadway
3rd Floor
Milwaukee, WI 53202

(414) 286-5608 

NIDC@milwaukee.gov