Home Rehabilitation Loan Funds are available through the City of Platteville Community Development Department

Rehabilitation Loans are offered to eligible residents of the City of Platteville for:

• Necessary improvements or repairs of owner-occupied homes, including the following:  repair or replacement of roof, siding, windows and doors, electrical, heating system, plumbing system, handicapped accessibility improvements or modifications, energy efficiency improvements, and other general improvements.  Homeowner must apply.
• Necessary improvements or repairs of rental or investor-owned properties, including the following: same improvements or repairs as indicated above.  Landlord or property owner must apply.
• Loan funds may also be provided for down payment and closing cost assistance for eligible first time buyers.  Home purchaser must contribute $1000 toward the purchase of home and secure affordable home mortgage from reputable lending institution.  Home purchased maust be vacant or owner-occupied when offer to purchase is signed.  Home buyer is required to complete a HUD approved home buyer counseling program prior to purchase.

Rehabilitation and home purchase loans are no-interest, deferred payment loans.  Payment on the loan is deferred until the home is no longer the borrower's principle residence.

Rental or investor-owned loans are low-interest loans, repaid to the City over a period of 5 years.

All loans are secured by a mortgage on the property.

Eligibility for rehabilitation or home purchase loans assistance is based on total household income, residency, affordability and scope of project.

For more information or to submit an application, please contact:

City of Platteville - Community Development Department
Program Coordinator: Lori Olsen Pink
Phone:  348-9741 x 2246 or 935-2326 x 207
Email:  l.olson-pink@swcap.org