How does the City build a house? New homes constructed by the City of Racine Housing Department use the latest technology to ensure efficiency and durability. Construction of these homes takes about six months from start to finish. Homes are built to match the styles...
Welcome to the City of Racine’s New Housing Repair Loan Website This website was created to help Racine residents find out about the City’s longstanding housing repair and energy efficiency programs and make it easy to apply. The Department of City Development’s pages...
A Walk Through a Typical Home Repair Loan We get asked frequently: how much time does a home repair loan usually take? While no loan and repair work process is the same for every household, a typical repair loan for a single-family house usually takes about 60 days...
Who qualifies for a loan?
- Current with mortgage payments, property taxes, and property insurance.
- Within the City of Racine city limits. (Other county residents are not eligible.)
- Under the federally‐set income guidelines for the household.
- In agreement with program funding rules.
How much will the city loan me?
Do I have to make monthly loan payments?
Is the repair work completed under this program under warranty and for how long?
I have credit problems. Can I get a loan?
(a) Demonstrate both the willingness and financial ability to repay the rehabilitation loan and meet any outstanding or likely future obligations related to the property; and
(b) Not have declared bankruptcy within four (4) years; and
(c) Provide all financial data and relevant information necessary to document program eligibility and give the City Development staff permission to obtain verification of such information from appropriate sources.
We work around medical collections but all other collections/liens need to be resolved before the City can make a housing loan. Final policy-making and loan approval authority the responsibility of the City of Racine Loan Board of Review. Programs will only be available as funding is available.