Financial Resources

 

The resources listed on this page are proud to be a part of Take Root Milwaukee and are committed to assisting homeowners to maintain and make needed repairs on their homes. They offer extensive local expertise of the various programs and resources available.

 

The following is not a complete list nor should be regarded as a recommendation. You are advised to research various programs and organizations to make a proper decision for your specific situation. Note that many of the resources listed here are not home remodeling programs, but rather provide assistance to address code violations and make major, needed repairs to ensure the house is safe.

 

 

City of Milwaukee Compliance Loan Program

(414) 286-2567 or www.city.milwaukee.gov/DNS/CLP

Provides 0% interest, deferred payment loans of up to $15,000 to make repairs necessary to get a property in full code compliance. Loans are paid upon transfer of property. Properties must have open code violations, be owner occupied, household income must be below 50% of Area Median Income and must be current on property taxes and municipal bills.  

 

City of Milwaukee STRONG Home Loans

(414) 286-5610 or www.city.milwaukee.gov/STRONGloan

Offers loans up to $20,000 to owner occupants of 1-4 family properties to homeowners throughout the City of Milwaukee for emergency, essential home repairs and to address building code orders. Loans are on a first come, first serve basis and repayable with a deferred payment option for homeowners who are low income, elderly or have disabilities. Technical assistance provided to assist homeowners with rehabilitation projects.

 

Great Midwest Bank

This TRM member is a private community bank that offers loans up to $5,000 with lower, competitive interest rates for home improvement projects.

414-352-3710 or www.greatmidwestbank.com/finance-home-improvements/

 

Milwaukee Habitat for Humanity Home Preservation Program

(414) 255-3565 or www.milwaukeehabitat.org/partner/repair-your-home

Provides 0% interest loans of up to $15,000 for home repairs, with priority given to seniors, persons with disabilities, military veterans, single parents, and large families (five or more residents). View website or call for additional guidelines and requirements.

 

 

If you are also looking for resources to assist with managing mortgage payment, prevent default and property tax foreclosure, visit the Keep Your Home page for additional resources.

 


 

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© 2010 Take Root Milwaukee. Take Root is a service mark of Freddie Mac.

The consumer information on TakeRootMilwaukee.org is used with permission from Freddie Mac. Freddie Mac offers extensive, regularly updated consumer information about buying and owning a home on its website, www.FreddieMac.com, in the “About Homeownership” section. Freddie Mac is not responsible for content errors or omissions on TakeRootMilwaukee.org.

The funding source of this activity is the Milwaukee Homeownership Consortium and Freddie Mac.