Home Programs
Homebuyer and Rehabilitation Program
The Ashland County Housing Authority offers a deferred payment, 0 percent interest loan to eligible participants for the following counties: Ashland, Bayfield, Douglas, and Iron.
For a Home Cost Reduction Initiative Application, see this link.
This single-family program can assist homebuyers and homeowners through various activities:
Homeowner Activities:
- Rehabilitaion - Example: alteration, improvement or modification of an existing structure.
- Reconstruction or owner-occupied housing units - Example: rebuilding a structure on the same lot where housing is standing at the time of activity commitment, build a new foundation or repair an existing foundation.
Homebuyer Activities:
- Aquisition - Grantees can help eligible homebuyers purchase affordable homes by providing down payment and closing cost assistance.
- New Construction - Grantees may develop housing or may work directly with developers to construct housing.
Examples of repairs that are eligile for this program include the following:
- Roof
- Siding
- Electrical
Home Cost Reduction Initiative - Home Buyer Program
This program offers a deferred payment, 0% interest loan to eligible participants for down payment and closing cost to purchase your first home.
This program may be used for reasonable down payment and closing costs to enable a LMI household to purchase a home.
Reasonable closing costs include:
- Loan origination fees
- Loan discount points
- Appraisal costs
- Credit costs
- Credit report
- Title search and preparation charges
- Title insurance
- Transfer fees
- Recording costs
- Surveyor charges
- Home inspection
- Down payment assistance
Income Guidelines for Ashland, Bayfield, Douglas, Iron, Oneida, and Vilas Counties
FAMILY SIZE |
YEARLY FAMILY INCOME Ashland Bayfield Iron Oneida Vilas Counties |
YEARLY FAMILY INCOME Douglas County |
1 |
$38,300 |
$40,550 |
2 |
$43,800 |
$46,350 |
3 |
$49,250 |
$52,150 |
4 |
$54,700 |
$57,900 |
5 |
$59,100 |
$62,550 |
6 |
$63,500 |
$67,200 |
7 |
$67,850 |
$71,800 |
8 |
$72,250 |
$76,450 |
