Housing Programs, Opportunities and Resources

Home Purchase Assistance Program(s)

SWCAP’s Home Purchase Assistance Program is a home buyer program that provides direct financial assistance to income eligible individuals or families, who are purchase ready and need assistance with Down Payment, Closing Costs or Gap Financing; to purchase a move in ready residential property they will live in as their principle residence.

Assistance is provided to the home buyer as a 0% interest, deferred payment loan, secured by a mortgage against the assisted property. The loan does not require a monthly installment re payment; instead repayment is due at any time the assisted property is no longer the principle residence of the borrower; typically when the property is sold and the net proceeds from the sale are used to repay the loan.

Minimum Household Eligibility Requirements include:

  • Meet program income requirements--combined household income at or below 80% of the County Median Income
  • Ability to secure affordable superior mortgage financing
  • Completion of 6 hours Home Purchase Education prior to purchase

Contact: Lori Olson Pink
608-935-2326 ext 251
l.olson-pink@swcap.org


More information:

HOME Purchase Assistance Program
SW WI CDBG Regional Purchase Assistance Program

Home Purchase with Rehabilitation Assistance Program

SWCAP HPA/Rehab Program is a home buyer program that provides direct financial assistance to income eligible individuals or families, who are purchase ready; and need assistance with Down Payment, Closing Costs or Gap Financing; to purchase a residential property; that is in need of limited rehabilitation or improvements necessary for the property to meet Housing Quality Standards and that they will live in as their principle residence.

Assistance is provided to the home buyer as a 0% interest, deferred payment loan, secured by a mortgage against the assisted property. The loan does not require a monthly installment re payment; instead repayment is due at any time the assisted property is no longer the principle residence of the borrower; typically when the property is sold and the net proceeds from the sale are used to repay the loan.

Minimum Household Eligibility and Property Standard Requirements include:

  • Meet program income requirements--combined household income at or below 80% of the County Median Income
  • Ability to secure affordable superior mortgage financing
  • Completion of 6 hours Home Purchase Education prior to purchase
  • Rehabilitation and Improvements must include all HQS improvements identified at purchase and must be completed within 6 months of purchase

Contact: Lori Olson Pink
608-935-2326 ext 251
l.olson-pink@swcap.org


Owner Occupied Property Rehabilitation Program(s)

SWCAP’s Rehabilitation Program is a residential property rehabilitation program that provides direct assistance to income eligible individuals or families, who have necessary property improvement needs for properties they own and occupy.

Assistance is provided to the home owner as a 0% interest, deferred payment loan, secured by a mortgage against the assisted property. The loan does not require a monthly installment re payment; instead repayment is due at any time the assisted property is no longer the principle residence of the borrower; typically when the property is sold and the net proceeds from the sale are used to repay the loan. Loans may be provided for 100% of the eligible rehabilitation cost(s).

Eligible property improvements may include the repair or replacement of:

  • Roofs
  • Siding
  • Well
  • Septic
  • Electrical Systems
  • Plumbing Systems
  • Heating Systems
  • Lead Paint remediation
  • Energy efficiency improvements
  • Handicapped Accessibility improvements
  • Other Health/Safety Improvements


Minimum Household Eligibility and Property Requirements include:

  • Meet program income requirements--combined household income at or below 80% of the County Median Income
  • Property must be Owner Occupied with fee simple title
  • Property Taxes must be current
  • Mortgage Payments must be current
  • Homeowners Insurance must be current

Contact: Nicole Nelson
608-943-6909 ext 430
n.nelson@swcap.org


More information:

SW WI CDBG Regional Rehab Program
HOME Rehab Program
City of Platteville Rehab Program
Green County Housing Rehab Program


SWCAP Properties for Sale

603 East 8th Street, Brodhead, WI
1404 West 3rd Street, Brodhead, WI

Guidelines for purchase of a SWCAP Affordable Housing Property

SWCAP owned properties are available for direct sale to income eligible, mortgage ready buyers, who will occupy the property as their primary residence post purchase. Eligible Buyers will need to secure an affordable superior mortgage loan from a lender for purchase. Supportive purchase loans through SWCAP Affordable Housing Programs, for up to 20% of the sale price may available to eligible buyers. Supportive loans may be offered at 0% interest, deferred payment terms, and are secured by a subordinate 2nd or 3rd mortgage lien against the property.

Contact: Lori Olson Pink
608-935-2326 ext 251
l.olson-pink@swcap.org


SWCAP Properties for Rent

No Current Vacancies


Other Housing Resources

Homebuyers Roundtable Home Buyer Education Classes
NeighborWorks--NHS Homebuyer Prep Classes
EHomeAmerica On Line Home Buyer Education Classes
How to Get a Free Credit Report

Greenpath
USDA Rural Development WI
WHEDA
NHSRC


For More Info or To Apply, contact:

SW Community Action Program, Inc.
149 North Iowa Street
Dodgeville, WI 53533

Phone: 608-935-2326 ext 251
Fax: 608-935-2876
E mail: l.olson-pink@swcap.org