Financial Resources for

Home Repair & Improvement

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. The following is not a complete list, nor should be regarded as a recommendation. You are advised to research various programs and lenders to make a proper decision for your specific situation.

 

 

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 $15,000 with lower, competitive interest rates for home improvement projects.

Contact Ana for Spanish speaking customers at: Ana.Butchli@greatmidwestbank.com or 414-282-2800

Contact Cyndie at: Cindie.Higgins@greatmidwestbank.com

 

CIBC

This TRM member offers loans of up to $10,000 for your home improvement needs through their EasyPath Home Improvement Loan. This prodcut is available to those living in Milwaukee and Waukesha counties. Five year terms with an interest rate of 4.95%. Contact Anne Furey at: Anne.Furey@cibc.com.


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.

 

Clark Square Neighborhood Initiative Home Improvement Matching Grant

Administered by Revitalize Milwaukee

(414) 312-7531 or migdalia@rtmilwaukee.org for more information

Reimbursable matching grant available to residential property owners in Clark Square (S Layton Boulevard to S Chavez Drive, north of W Greenfield Avenue and south of the Menomonee Valley).  The grant matches at 75% or 50% depending on the scope of the work and can be used for materials and/or labor. Project must be approved prior to materials being purchased or work beginning. Property owners must pay upfront and receive reimbursement once project is complete. Funds must be used for improvements made to the exterior, front of the house. Improvements may include roof, windows, paint, landscaping, and more.

 

 

If you are looking for resources to assist with managing mortgage payments, preventing default, or 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.