Homeowner Rehabilitation Deferred Loan Program

The HOME Consortium operates a REHABILITATION DEFERRED LOAN PROGRAM to provide low to moderate income households with access to loaned funds for modest home repairs.

The loan is provided as a no-interest deferred loan of up to a maximum of $20,000 for households with incomes at or below 80% of the area median.

Eligibility

  • Eligible Properties: The homes must be owner-occupied, single family attached or detached units (such as condominiums).

    In addition, the value of the home cannot exceed HUD maximum after-rehab value limits, as outlined below.
2009 MAXIMUM PURCHASE PRICE LIMITS
Jefferson County
Ozaukee County
Washington County
Waukesha County
$190,152
$208,567
$208,567
$208,567
  • Eligible Repairs: Priority activities include repairs to mechanical or structural items that present an imminent health and safety problem, such as:

    - roofs
    - mechanical systems (e.g., furnaces and hot water heaters)
    - plumbing, water or water/sewer laterals in disrepair
    - windows in disrepair
    - foundations
    - siding
    - improvements to the interior of the home in bathrooms and kitchens
    - any accessibility improvements
    - items that the Administrator determines pose or will soon pose a health or safety problem to the home owner

    Once repairs have been completed, all homes must meet HOME Consortium Code Requirements or additional work will be required.

Procedure

  • Work with WPHD staff to determine eligibility
  • Schedule a home inspection where our inspector completes a Scope of Work detailing necessary repairs to meet code and other improvements
  • Homeowner gets bids from contractors
  • Loan closing (this gets recorded as a lien on your property)
  • Contractor, homeowner and WPHD review owner/contractor agreement
  • Work begins on home
  • Funds are not released to pay contractors until the home passes the final inspection