How does the Rental Rehabilitation Loan Program work?
The Rental Rehabilitation Loan Program provides investment owners of rental housing with financial and related technical assistance to rehabilitate their units. Loans are 0% interest and payments are deferred until time of sale or transfer. Loans are placed as a lien against the property. In order to qualify, the property must be in the City of Appleton, must not be owner-occupied, the tenants must meet the income limits for the program, the rents must meet the rent restrictions for the program and there must be enough equity in the home to cover the loan. Applications are accepted at any time. For more information on this program, visit the Rental Rehabilitation Loan Program.
Related Questions
- Can I use the Downpayment Assistance Loan Program to purchase rental property? Can I rent out a property later after I live in it for a while?
- What is the maximum loan amount available to qualified homeowners through the City of Lake Forest Housing Rehabilitation Program?
- How does the Rental Rehabilitation Loan Program work?
