Is your home in need of improvement and you are a low-income property owner? You might be wondering how you will get your home improvement projects done. Having your home fixed can be expensive. However, there are assistance programs to help you fund your home repair needs.
Single-Family Housing Repair Loans & Grants in Wisconsin
The purpose of this program is to provide financial assistance in form of loans and grants to low-income rural-based homeowners. Loans of up to $20,000 are given to low-income families at 1%. The loans are payable over 20 years and can be used to repair, improve, and modernize homes of qualified families. The grants are given to low-income senior homeowners and are not repaid unless the homeowner ceases to occupy the property within three years of receiving the funds. The funds are used to remove safety and health hazards from senior homeowners’ properties. The maximum funds you can receive a grant is $7,500. Families can receive a combination of grants and loans. To qualify for the program assistance, your income must be below 50% of the area’s median income. You must be unable to acquire affordable credit from anywhere else, be the homeowner, and use the property as your primary residence. The program grants are specifically designed to help senior homeowners aged 62 or older. You can visit https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfpd to see if your home address is eligible for home repair support. The applications for the program assistance are accepted through your local Rural Development Office. The assistance depends on the availability of funds. You can reach out to USDA Loan Specialist in your location to help you through with the application process. Find a USDA loan specialist here. Learn more about the program at https://www.rd.usda.gov/programs-services/single-family-housing-programs/single-family-housing-repair-loans-grants/wi.
Dane County Major Rehabilitation Program (DCRP)
DCRP provides no-cost loans with deferred payment terms to low-income homeowners. The program funds are offered through Project Home. To secure the loan repayment when your home is sold or ceases to be your own, the program requires that a mortgage is signed and filed. The home repair services include roofing, accessibility modifications, safety concerns, plumbing, HVAC, and siding. Once the home repair work is completed, the home must be brought to code. See if you are eligible for the program assistance here. Learn more about the program at https://www.projecthomewi.org/programs/home-repair/major-home-repair.html.
Habitat for Humanity of Wisconsin River Area
The Habitat Home Repair program provides improvement services to veterans, single mothers, low-income, seniors, and disabled homeowners struggling to keep their properties safe for their loved ones. The home repair program focuses on improving the quality of life of residents by ensuring homes are safe and decent. The organization works with volunteers to provide home repair assistance at no cost. Habitat also offers low-cost loans to eligible homeowners. The homeowner qualifying for assistance must be able to make affordable monthly repayments. Funds are given depending on the income of the applicant. Eligible repairs include handicap accessibility, siding, exterior repair, electrical work, plumbing, insulation, windows and doors, and handrails for safety. Landscaping, beautification projects, detached garages, mobile homes, total roof replacements, and non-critical home improvement projects do not qualify for the program support. The cost of the home improvement project should not exceed $5,000. You must have homeowner insurance and your property should be located in the Habitat’s areas of service. You must earn between 35% and 80% of the county median income. You must also be willing to put some sweat equity into your home. Read more at https://www.hfhwisconsinriver.org/home-repair for more information.
Home Energy Plus
You might upgrade your home using the Home Energy Plus program. this program is suitable for low-income homeowners looking for an option for home energy efficiency improvement. You may have access to free insulation, flooring, replacement, or repair of the heating/cooling system. Low-income seniors, people with disabilities, veterans, and single-mom homeowners may get approved for the program support. Find out more at http://homeenergyplus.wi.gov/category.asp?linkcatid=819&linkid=118.
Waukesha Community Development Division
You may get home improvement assistance in form of loans and grants through the Waukesha Community Development Division. You must meet the low-income limits in your area to qualify for the program assistance. Learn more about the program eligibility and guidelines at https://www.waukeshacounty.gov/landandparks/community-development/apply-for-a-loangrant/.
The U.S. Veterans Affairs
You may have access to home repair grants including accessibility modifications through the Veterans Affairs. You may have access to loans to update your home. Disabled veterans may get access to home improvement through VA. Veterans spouses may have access to the VA benefits as well. Read more at https://benefits.va.gov/benefits/.
Madison Economic Development Division
Madison Economic Development Division provides Community Development Block Grants (CDBG) to approved low-income homeowners. You may qualify for either up to a #3,200 loan or a $21,000 grant through this program. You may also have access to help with the removal of the lead-based hazard. Visit http://www.cityofmadison.com/cdbg/current/objctive/obj_a.htm to find out more about the program.