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CDBG-Revolving Loan Fund Program

Since 1982, over 250 communities in Wisconsin have received Community Development Block Grant (CDBG) funds for housing rehabilitation. CDBG housing funds are loaned to low and moderate-income (LMI) households (households at or below 80% of county median income) to make needed repairs to their homes. These funds are also loaned to local landlords in exchange for an agreement to rent to LMI tenants at an affordable rate.

CDBG housing funds are repaid to the community when the borrower moves or when the unit ceases to be the borrower's principal place of residence. Loan to landlords are repaid on a monthly basis. Loans repaid to the community are identified as CDBG-Revolving Loan Funds (CDGB-RLF).

ELIGIBILITY

To be eligible for CDGB-RLF rehab loan you must be either an LMI owner-occupant or a landlord who is renting to LMI tenants. LMI renters may also qualify to receive homebuyer assistance. Click here to determine if your household meets the income requirement.

ELIGIBLE ACTIVITIES
  • Plumbing
  • Weatherizaiton
  • Electrical
  • Roofing
  • Lead paint hazard reduction
  • Septic system repair/replacement
  • Down payment assistance
  • Closing cost
CONTACT INFORMATION

Information regarding the CDBG-Revolving Loan Fund Program can be obtained by contacting Gina Truly at (608) 267-4574.

APPLICATION INFORMATION

Homeowners and landlords interested in applying for a CDBG loan should contact their local government representative.  You can find your local government representative by selecting the county you live in and finding your city, county, town or village from the CDBG-RLF Housing contact list.

Note: not all units of local government are listed in the CDBG-RLF Housing contact list. Cities with populations over 50,000, the counties of Milwaukee, Waukesha and parts of Dane are not listed. Homeowners and landlords from these municipalities and counties should contact their local units of government for more information on CDBG housing rehabilitation loans.
Document & Forms

Revolving Loan Fund Activity Report Instructions
Revolving Loan Fund Activity Report Sample
Revolving Loan Fund Accounting Journal (Sample, Form)

To read PDF files, you will need a copy of Adobe Acrobat Reader. Download it for free.

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