HomeMy WebLinkAboutOshkosh_Home_Improvement_MatrixOshkosh Healthy
Neighborhoods
Program
Program Features CDBG Housing
Improvement Loan Sold On Oshkosh Owner Occupied
Rehab Loan
Renter Occupied
Rehab Loan
Historic
Preservation
New Homes In
Our
Neighborhoods
Curb Appeal Micro Grant Good Neighbor Grant
Maximum Loan/Grant
Amount $30,000
$7500 (in recognized
neighborhood)
$5000 (city wide)
$50,000 $50,000 $25,000 $25,000 $500 $750
Minimum Loan Amount $5,000 $1500 or $1000
forgiven annually $5,000 $5,000
Match from property
owner required - see
program overview
N/A N/A
Applicant must spend at least $250
to receive $750.
(ex: applicant pays first $250 and
grant pays up to $750)
Eligible Improvments
Exterior Improvements,
plumbing, electrical, HVAC,
painting, general repairs.
No Remodeling
Historically sensitive
rehab on historic
properties
New homes on infill
lots owned by the
RDA
Projects that enhance the
appearance of the property along
the street frontage. (ex: exterior
painting, step replacement,
landscaping, & cleaning masonry)
Projects that enhance the
appearance of the property along
the street frontage. (ex: exterior
painting, step replacement,
landscaping, & cleaning masonry)
Interest Rate 0%0%0%0%0%N/A N/A N/A
Loan Term Deferred 5 years 15 years 15 years Deferred Reimbursed upon
project completion
Reimbursed upon project
completion
Reimbursed upon project
completion
Income Limit N/A N/A N/A N/A
Asset Limit $50,000 - liquid assets only N/A N/A N/A N/A N/A N/A N/A
Credit Check Bankruptcies, judgements,
and liens all factor in N/A N/A
Loan to Value Ratio 100% max 100% max 100% max 100% max 100% max N/A N/A N/A
Debt to Income Ratio N/A N/A N/A
Eligible Properties Priority Neighborhoods and
LMI - any aged home any aged home (ex:Rock the Block)
Must be within a recognized
neighborhood association and
must be the homeowner
Bankruptcies, judgements, and liens all factor in
N/A - must be low-
moderate income
Cannot spent more than 30% of gross monthly income on housing expenses (for owners
housing expenses include mortgage payment, taxes, homeowner's insurance and utilities;
for renters housing expenses include rent and utilities)
For questions please contact the Planning Services Department at 920-236-5059 - The information on this document is subject to change
Housing Loans and Incentives
N/A - Downpayment
Assistance
Siding, painting, windows, doors, roofing,
HVAC, electrical, plumbing, additions,
renewable/green infrastructure, driveway
and garage, renovations, & lead
remediation
Cannot exceed 80% of the
HUD Median Income limits Cannot exceed 150% of the HUD Median Household Income Limits
Where revitalization is occuring - Built before 1950 Built before 1970 Built before 1970 Historic Properties RDA owned infill lots