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City of Racine Employee Homebuyer Assistance Program

Administered by: City of Racine Department of City Development · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $10,000 (Forgivable Loan)

Forgiven at 1/7th of the loan amount per year over 7 years, contingent on the property remaining the employee's primary residence.

Eligibility

  • First-time buyer required: No
  • Geographic restrictions: Must be a City of Racine employee purchasing a home within the City of Racine.

How to Apply for City of Racine Employee Homebuyer Assistance Program

Step 1: Obtain the application from the City of Racine Department of City Development. Funding is limited and applications are considered on a first-come, first-served basis. Leasing of the purchased property is not permitted.

Notes

Restricted to City of Racine employees only. Funding limited, first-come first-served.

Cities Where This Program Is Available