Interest rate and terms are tied to the income and family size of the applicants. Priorities of the program are code related repairs and energy conservation items. The City of Milwaukee Rental Rehabilitation Loan Program offers forgivable loans for the rehabilitation of residential rental units of one or more bedrooms in eligible Milwaukee neighborhoods. Eligible improvements include code items, energy conservation items, roofs, siding, electric, plumbing, heating, kitchen and bathroom remodeling and more. The property must meet City of Milwaukee code upon completion of the rehabilitation.
Program can also assist the owner in securing private financing.
The goal of this strategy is to reverse trends of disinvestment by improving the physical and social infrastructure of a neighborhood, so that it is perceived by residents and employers as a desirable place to live, work and invest. Typically there no more than 5-6 TIN's which are active at one time. Other City departments such as Public Works and the Milwaukee Police Department also work closely with DNS and the local resident group to implement the revitalization plan. Staff works with the community groups, lenders and neighborhood stakeholders to identify housing priorities and resources to address the housing strategies. In 2000, NIDC was funded to produce 45 units of housing.