Applications Being Accepted For City Of Appleton's Housing Rehab Loan Program

From the City of Appleton:

September 11, 2020

The City of Appleton Community & Economic Development Department operates a deferred repayment loan program for low to moderate-income homeowners (e.g. family of four with income less than $69,100/year) needing improvements done to their homes. If you are a low to moderate income single-family homeowner or are the owner-occupant of a duplex, you may qualify. The program is for City of Appleton residents only. Applications from eligible households are currently being accepted through October 30, 2020.

The City of Appleton recognizes that maintenance of the existing housing stock is important to the overall well being of the community. A stable economic base, sound codes, ordinances and enforcement procedures, in conjunction with responsible homeowners, have all contributed to the high quality residential neighborhoods found in Appleton.

PROGRAM BENEFITS

The program offers the opportunity to protect the investment you have in your house by providing rehabilitation loan funds at no interest and no monthly payments. The loan amount is placed as a lien against your property and recorded with the Register of Deeds. It needs to be repaid in full (no interest) when you sell, transfer, lease or vacate the home. The rehabilitation of your property increases its value and extends the life of the home.

HOW TO APPLY

Click on the following for the Application. Applications are also available on the first floor of City Hall across from the cashiers. Applications will be available during the application period only (ends October 30, 2020). Additional program and qualifying information is available by clicking on the Brochureand on our Housing Rehab Loan webpage. Questions about the program can be directed to Laura Bonnet - Housing Coordinator at (920) 419-6022 or by email at laura.bonnet@appleton.org

This press release was produced by the City of Appleton. The views expressed here are the author’s own.