Replacement Housing Program

       

2223 EAST AVE S- $161,900: *Details*  PRICE REDUCTION!

Home has been completely remodeled and built energy efficient (spray foam insulation, windows, furnace, water heater, etc.).  Home is 3 bedrooms, 2 bathrooms, an egress window in the basement for future expansion and a detached two car garage. Qualified buyers may be eligible for a deferred 2nd mortgage to allow for an affordable 1st mortgage payment. 

Restrictions and requirements:Owner occupied deed restriction. Purchaser must meet the gross income eligibility requirements listed below, review and complete the Replacement Housing Application, be eligible for a conventional first mortgage of $120,000 and attend a HUD certified Homebuyer Education Class. Please contact Dawn Reinhart at 608-789-7360 with questions. Click here for the Replacement Housing eligibility guidelines and  Housing Application

Offers must be approved by the Community Development Committee (CDC), the CDC meets the 2nd Tuesday of the month. Offers to purchase must be submitted by the 1st Tuesday to be considered for approval.

 

Future Homes
  • 920 Liberty St
  • 1623 Liberty St
  • 1120 Liberty St
  • 721 Charles St

Homes will be listed on the Multiple Listing Service (MLS) upon construction completion. To purchase a Replacement Housing home, the Buyer must have a gross income below 80% of County Median Income and qualify for a conventional mortgage. The buyer must also participate in the Community Action Program Homebuyer Assistance Program, which provides housing counseling and down payment assistance. Please review the new housing application for a complete list of eligibility requirements. All homes have an owner occupied deed restriction.

Household Size: 

   2018 Maximum Gross Income    

1 $40,550
2 $46,350
3 $52,150
4 $57,900
5 $62,550
6 $67,200
7 $71,800
8 $76,450

If you are interested in purchasing one of these homes and meet our income qualifications listed below, please contact Dawn Reinhart at 608-789-7360. Replacement Housing Program is located on the 3rd floor in City Hall, 400 La Crosse Street.