HomeMy WebLinkAboutOwner_Occupied_Rehab_OverviewHOW TO APPLY
Complete the enclosed application and mail or deliver it
to:
City of Oshkosh
Planning Services Division
215 Church Avenue, Room 204
Oshkosh, WI 54901
For more information, contact Planning Services at:
920-236-5059
planning@ci.oshkosh.wi.us.
OWNER-OCCUPIED
REHABILITATION PROGRAM
The Owner-Occupied Rehabilitation Program
is part of ONE Oshkosh - Our Neighborhoods Engage.
Owner-Occupied
Rehabilitation
Program Application
Income
Verification
Tenant Income
Verification
(if applicable)
Proof of up-to-date
homeowners insurance
Property must be current on
municipal tax & utility payments
Applications are accepted year round and are subject
to funding availability.
City staff will contact each applicant to arrange for
an initital inspection of the property to draft a scope
of work, a preliminary cost estimate, and determine if
the property owner is still interested in participating.
Projects will be ranked by:
• The impact of the project on the exterior
appearance of the building and the
neighborhood.
• Property owner’s willingness to complete exterior
work in a manner consistent with the City of
Oshkosh Design Standards.
• Preference will be given to properties located
within recognized neighborhoods.
• Ability of the owner to proceed with the project
within three months of financing approval.
• Additional consideration will be given to projects
that include energy efficiency measures and
green building standards.
Final project approval will be determined by the
Housing Rehabilitation Loan Committee.
Project Selection Application Procedure
Interested parties can apply for the Owner-Occupied
Rehabilitation Program by submitting the following initial
requirements:
Approved program participants must attempt to obtain a
minimum of 3 quotes for materials or bids from contractors.
City staff will assist applicants with obtaining quotes upon
request. If the work to be completed does not require a
contractor, the property owner may complete the work
themselves but must obtain appropriate material quotes,
building permits and complete work in compliance with state
and local codes.
The City of Oshkosh Owner-
Occupied Rehabilitation
program was created to
provide property owners
with a flexible and affordable
financing option to make
quality improvements to their
homes.
Proposed projects should enhance the image, market,
and physical conditions of residential owner-occupied
properties within Oshkosh. Eligible program participants
could receive a 15-year loan up to $50,000 to make
repairs to their property.
Owner-Occupied Rehabilitation program funds cannot
be applied to improvements that have already been
started or completed. Pre-approval is required. Funds
are available on a first-come, first-served basis and are
subject to funding availability. In the event of limited
funding, preference will be given to properties located
in recognized neighborhood associations (see map).
Income Requirements
Income documentation in the form of the most recent pay-stubs
and tax returns are required to apply for the Owner-Occupied
Rehabilitation program. Applicants may not spend more than
30% of their monthly income on housing related expenses at
the time of application. Household Income cannot exceed 150%
of the County Median Income based on family size.
Eligible Program Participants
A “property owner,” as defined for purposes of this program,
is an individual living and having ownership interest in a
property located within the City of Oshkosh and meeting the
program income requirements.
ELIGIBLE PROPERTIES ELIGIBLE IMPROVEMENTS
Preference will be given to properties located
within participating neighborhoods.
Single family homes or owner-occupied
duplexes.
Home must be built prior to 1970.
Property owner must provide proof of
property ownership.
Property must be insured while work is being
completed and for the term of the loan.
Property owner must be current on municipal
tax and utility payments.
Application approval is subject to fund
availability and will be reviewed on a
first- come, first-served basis.
1) Siding and painting
2) Windows and doors
3) Driveways
4) Lead/asbestos remediation
5) Renovations
6) Renewable/green
infrastructure/solar
7) Landscaping
8) Roofing
9) Garages
10) Porches
11) HVAC, electrical and
plumbing
12) Additions
13) Design/architectural services
14) Projects consistent with the
City of Oshkosh Residential
1 2
3
4
5
6
7
8 910
11
• All change orders must be approved by the City.
• All work requiring a contractor must be done by licensed
and insured contractors.
• Owners cannot be compensated for their labor or time on
the project.
• Materials and component items must be of reasonable
quality and be approved by the City of Oshkosh -
Community Development staff.
• For owner-occupied duplexes:
- Owner responsible for providing alternate, decent, safe
and sanitary housing for tenants temporarily displaced by
work.
- Tenant may not spend more than 30% of their monthly
income on housing related expenses at the time of
application.
An additional $5,000 forgivable incentive is available for
projects that reduce the number of units in a structure. Only
legal units in place at the time of application will be eligible for
the forgivable incentive (e.g. if a project involves converting a
duplex to a single family home, the maximum city funding that
would be available would be $50,000 for the structure and
$5,000 for reducing the number of units, for a total of $55,000).
Below are the general terms that will apply for each Owner-
Occupied Rehabilitation loan:
• 15-year loan up to $50,000 (up to $55,000 if project meets
the additional incentive requirements) with quarterly
payments starting once the work is completed.
• Zero-percent interest rate for the term of the loan.
• Loan is secured by a mortgage on the property.
• Applicant must remain in the home while the loan is being
repaid. If the home is no longer the applicant’s primary
residence or the property is sold before the loan is fully
paid, the remaining loan balance must be repaid at the
time of sale.
• Applicant must maintain homeowners insurance on the
property during the term of the loan.
• Applicant must stay current on municipal taxes and
utilities.
Terms Additional Requirements
Additional Incentive
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