Tax Incremental Financing Explained
Citizens want to know what it is, how it works and whether it affects property taxes and public services. For a more detailed explanation click here.
STRONG Homes Loan Program
This program is for Milwaukee homeowners looking to tap into $1 million in partially-forgivable loans to fund essential home repairs. Owner-occupants can apply for loans of up to $20,000 to pay for emergency repairs, essential rehabilitation and code correction orders, with loan interest rates between zero and three percent. Eligible projects include roof replacement, replacement of failing porches and the repair or replacement of deteriorating siding or failing exterior paint.
Qualifying households must have an income at or below 120 percent of the area median ($84,360 for a family of four). 25 percent of the loan amount will be forgiven if the owner stays in the home for 10 years. Information and applications are available at milwaukee.gov/STRONGloan.
Historic Houses For Sale
The City of Milwaukee currently owns several historic homes and is offering them for sale to the right owner. If you love the scale, details and craftsmanship of an historic home and love to renovate, we may have the perfect house for you. As a bonus, many of the homes listed have had extensive exterior repairs such as new roofs, chimneys and siding. These repairs will make the remaining renovations manageable and the whole project more affordable.
Most of these properties may qualify for Wisconsin Historic Home Owner’s Tax Credits. Additional information is available from the Wisconsin Historical Society.