Upon the housing counselor's analysis, consideration for a down payment/closing cost grant is initially determined. In order to be eligible for these grants, home buyers must meet income and other guidelines. Based on funding availability, eligible homebuyers will have grant funds reserved through Housing Resources once they have an accepted offer to purchase.
Housing Resources has the ability to reserve the following grants:
This assistance (up to $2,500 based on household size and annual income) is made possible through funding received from the State of Wisconsin-Division of Housing. These grant funds are forgivable over the initial three-year period of owner-occupancy.
Click here to download the brochure for additional requirements.
Housing Resources has AHP funds available through the Federal Home Loan Bank of Chicago. The maximum grant amount is $5,000 to be used for down payment and closing costs in Milwaukee and Racine Counties. These funds are forgiven over a five-year period of owner occupancy.
Download the brochure for additional requirements
Housing Resources has AHP funds available through the Federal Home Loan Bank of Chicago. The maximum grant amount is $5,000 to be used for down payment and closing costs in Milwaukee, Racine, Kenosha and Walworth Counties. These funds are forgiven over a five-year period of owner occupancy.
Download the brochure for additional requirements
ADDI funds are federal funds provided through the City of Milwaukee and several local housing counseling organizations. These funds are first-time home buyers who meet the income eligibility guidelines. Home buyers can receive up to $5,000 for down payment and closing costs, which is forgiven over a 5-year period of owner occupancy.
Click here to download the ADDI brochure.
The Downpayment Plus® Program provides grant assistance to homebuyers state-wide who meet income guidelines and other qualifying criteria. Funds are for down payment and closing costs and are forgivable over a five year period of owner occupancy.
For more information on this grant visit the Wisconsin Partnership for Housing Development website homebuyer page.
This program provides down payment assistance for first-time homebuyers with a permanent disability or who have a family member with a permanent disability. These funds can be used to purchase a home anywhere in Wisconsin.
Contact 1-877-861-6746 or go to movin-out.org for additional information.
Contact 278-4894 for additional information.
Housing Resources' counselors assist buyers in understanding and coordinating these grants to ensure that they can maximize their buying power. Not all grants can be combined. Contact our office for additional information. Please keep in mind that you can work with only one counseling agency in applying for these grant funds.