TIN Loan Program -
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 rehab projects are possible
The property must meet building code requirements upon completion of the rehab.
Income Guidelines
(Effective April 1st, 2024 until next update)
Eligibility is limited to clients with household income no greater than:
| Household Size |
Household
Limit |
Household Size |
Household
Limit |
| 1 |
$57,200 |
5 |
$88,250 |
| 2 |
$65,400 |
6 |
$94,800 |
| 3 |
$73,550 |
7 |
$101,350 |
| 4 |
$81,700 |
8 |
$107,850 |
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.
Things you should know:
- Your real estate taxes must be current or paid in full. If you are on the installment plan, you can't be delinquent.
- We will look at the amount of mortgage debt you have against
your property.
- We will order a credit report and will review your credit history.
- If you have declared bankruptcy, your bankruptcy must be discharged 12 months prior to your application. You should have a satisfactory credit history since the discharge.
- If you have received previous loans from NIDC or the City of Milwaukee, your application will be reviewed on a case-by-case basis.
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