Home Improvement Program Matrix

Housing Loans and Incentives

Program Features	CDBG Housing Improvement Loan	Lead Service Line Grant
Maximum Loan/Grant Amount	$30,000	N/A
Minimum Loan Amount	$5,000	N/A
Eligible Improvements	Exterior improvements, plumbing, electrical, HVAC, painting, general repairs. No remodeling.	Private-side lead service line replacement
Interest Rate	0%	N/A
Loan Term	Deferred	N/A
Income Limit	Cannot exceed 80% of the HUD Median Household Income Limits	Cannot exceed 80% of the HUD Median Household Income Limits
Asset Limit	$50,000 - liquid assets only	$50,000 - liquid assets only
Credit Check	Bankruptcies, judgements, and liens all factor in	N/A
Loan to Value Ratio	95% max	N/A
Housing Affordabilty	N/A - must be low-moderate income	N/A - must be low-moderate income
Eligible Partners	LMI - any aged home	Must be pre-screened by Maria Fletcher before applying

Program Features	Sold on Oshkosh	HNI Owner Occupied Rehab Loan	Historic Preservation	Rental Rehab	New Homes in Our Neighborhoods
Maximum Loan/Grant Amount	$5,000 or $7,500	$30,000	$25,000	$30,000	$25,000
Minimum Loan Amount	$1,000 or $1,500 forgiven annually	$5,000	Match from property owner required	$5,000	N/A
Eligible Improvements	N/A - Downpayment Assistance	Siding, painting, windows, doors, roofing, HVAC, electrical, plumbing, additions, renewable/green infrastructure, driveway and garage, renovations, and lead remediation	Historically sensitive rehab on historic properties	Siding, painting, windows, doors, roofing, HVAC, electrical, plumbing, additions, renewable/green infrastructure, driveway and garage, renovations, and lead remediation	New homes on infill lots owned by the RDA that meet the housing specs outlined by the RDA
Interest Rate	0%	0%	0%	0%	N/A
Loan Term	5 years	15 years	Deferred	15 years	Reimbursed upon project completion
Income Limit	Property owner income must be between 80% - 120% of the HUD Median Household Income Limits	Property owner income must be between 80% - 120% of the HUD Median Household Income Limits	Property owner income must be between 80% - 120% of the HUD Median Household Income Limits	Cannot exceed 120% of the HUD Median Household Income Limits	New property owner income must be between 80% - 120% of the HUD Median Household Income Limits
Asset Limit	N/A	N/A	N/A	N/A	N/A
Credit Check	Bankruptcies, judgements, and liens all factor in	Bankruptcies, judgements, and liens all factor in	Bankruptcies, judgements, and liens all factor in	Bankruptcies, judgements, and liens all factor in	N/A
Loan to Value Ratio	95% max	95% max	95% max	95% max	N/A
Housing Affordabilty	Cannot spend more than 30% of gross monthly income on housing expenses (As of 2027, owners housing expenses include mortgage payment and taxes).	Cannot spend more than 30% of gross monthly income on housing expenses (As of 2027, owners housing expenses include mortgage payment and taxes).	Cannot spend more than 30% of gross monthly income on housing expenses (As of 2027, owners housing expenses include mortgage payment and taxes).	Cannot spend more than 30% of gross monthly income on housing expenses (As of 2027, renters housing expenses include rent and utilities).	N/A
Eligible Partners	N/A	N/A	Historic Properties	N/A	RDA owned infill lots

Oshkosh Healthy Neighborhoods Program (GO HNI)

Program Features	Good Neighbor Grant
Maximum Loan/Grant Amount	$750
Minimum Loan Amount	Applicant must spend at least $250 to receive $750.
Eligible Improvements	Projects that enhance the appearance of the property along the street frontage. (ex: exterior painting, step replacement, landscaping, and cleaning masonry).
Interest Rate	N/A
Loan Term	Reimbursed upon project completion
Income Limit	N/A
Asset Limit	N/A
Credit Check	N/A
Loan to Value Ratio	N/A
Housing Affordabilty	N/A
Eligible Partners	Must be within a recognized neighborhood association and must be the homeowner

For questions please contact the Econ Dev Department at 920-236-5058. This information is subject to change.