Loans are available from $3,000-$50,000 per property for renovation work that meets City and State codes and home rehabilitation standards.
Landlords must submit the loan application to the City of Racine Housing Repair Program. Tenants may not submit an application on behalf of a landlord.
To qualify, rental properties must be:
Seven (7) units or less
In buildings with both residential and commercial units (mixed-use properties), loan funds may only be used on residential unit repairs. For projects that involve shared space or common use, such as roof repairs, funds will be prorated on a case by case basis.
There is a $500 application fee for rental property loans.
Landlords must also contribute 25% of the total cost to the project.
If you’re unsure if you qualify, fill out a request to Get Started or call the Department of City Development at 262-636-9197.