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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.
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The STRONG Homes Loan Program offers partially forgivable loans to homeowners throughout the City of Milwaukee. Loans can be used to make emergency and essential home repairs and address building code orders. Loans are repayable, with a deferred payment option is available for homeowners who are low income and elderly or disabled.
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The Homebuyer Assistance Program provides up to $20,000 to assist with the rehabilitation of City-owned foreclosed homes. NIDC and its development partners also have a limited number of fully rehabilitated homes available for sale.
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Forgivable loans are available to assist owner-occupants with repairs in 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.
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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.
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Matching grants of up to $4,000 are available for sustainable projects that physically enhance a neighborhood and increase resident camaraderie.
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| Last page update: 5/22/2018 |
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