Homeowner Repair Loans
The City of Racine Housing Repair Program provides project loans from $3,000-$50,000 per property for home rehabilitation (repair work) that meets City and State codes and home rehabilitation standards. Fixed interest rates range from 1% to 3% for a term of up to 20 years.
Before a homeowner receives a loan, the City’s Housing Technician will schedule a visit to the house to help determine what repairs are needed. After receiving the loan, the homeowner will select and hire a professional contractor to perform the work.



Who Qualifies?
Many homeowners within Racine qualify for a homeowner repair loan.
To qualify for a loan with the City of Racine, homeowners must be:
*Homeowners with mortgages are eligible as long as the ratio of the new City loan to home value is 120% or less. For example, a homeowner with a house valued at $100,000 who owes $110,000 on a mortgage can still borrow up to $10,000 for repair work.
There is a $300 application fee for Home Repair loans.
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
The Rebuild Racine program has different regulations concerning eligible repairs for code-related issues. Please call the Neighborhood Services Division at (262) 636-9197 for more information.