City of Milwaukee's Rental Rehab Program Offers Investors Funds to Rehabilitate Foreclosed Properties

Investing In Rental Pr...City of Milwaukee
Written By Tristan R. Pettit, Esq.

In an effort to rid itself of the many abandoned and foreclosed properties throughout the city, Milwaukee's Neighborhood Stabilization Program (NSP) Rental Rehab Program will provide investors and landlords with financial assistance to rehabilitate foreclosed homes.

According to the flyer that I was given, responsible investor owners and landlords who purchase foreclosed homes in the city of Milwaukee may be eligible for forgivable loans of up to $17,500 per unit (or $35,00 for a duplex) to assist them with repairs to the property. The funds are made available on a matching funds basis.

The city will be holding an informational seminar on Wednesday, January 27, 2010 from 3:30 - 4:30 pm at the Department of City Development located at 809 N. Broadway in the 1st floor boardroom.

The seminar will provide attendees with additional details as to the program requirements and rehabilitation specifications.

It is requested that all attendees pre-register by sending an email to NSPinfo@Milwaukee.gov.

Additional information on the program can be found at the www.MilwaukeeHousingHelp.org

Tristan R. Pettit, Esq.

Tristan is the President of Pettit Law Group and focuses his practice in the area of landlord-tenant law representing landlords and property management companies throughout Wisconsin.

Previous

Milwaukee's New Vacant Building Registration Ordinance Is Here
Next

What May A Wisconsin Landlord Legally Deduct From A Tenant’s Security Deposit?