Target Investment Initiative

	Layton Boulevard West Neighbors Targeted Investment Neighborhood (TIN) Initiative Contact: Jeremy Soika, Housing Specialist, 383-9038 x. 2515
*Bilingual Services Available:*
	*Servicios en español e inglés.*	*Kev pab euam ran hmoub.*


Do you need help in repairing your home?
LBWN National Park TIN Initiative can help you improve your home with low-interest loans, forgiveable loans, other city resources.
National Park TIN History Silver City TIN Project

LBWN National Park--Targeted Investment Neighborhood (TIN)

Through Alderman Murphy's leadership, Layton Boulevard West Neighbors (LBWN) has partnered with the City of Milwaukee to launch the LBWN National Park TIN. The National Park TIN is an effort between the City of Milwaukee and LBWN to stabilize and increase owner-occupancy, strengthen property values and improve the physical appearance of the targeted area that includes S. Layton Blvd. to the east, S. 39th St. to the west, W. Pierce St. and W. Evergreen to the north, and W. National Avenue to the south. Resources are available to homeowners and investor owners through the TIN program to rehab, revitalize, and stabilize this target area.

IT HELPS OWNER OCCUPANTS

(Owner Occupied Rehabilitation Loan Program) owner can received:

	Forgivable loans with a fixed interest rate of 0% to 3%.
	Deferred Payment Loans (DPL) is available to low-income family.
	Interest rate and terms are determined by family size and income. Owner must be below 80% of county median income. (See chart below)
	Improvements can include but not limited to window replacement, outdoor siding, electrical, heating and plumbing updates.

Income Guidelines
# People In Household	Income Limit
1	$37,650
2	$43,000
3	$48,400
4	$53,750
5	$58,050
6	$62,350
7	$66,650
8	$70,950

Neighborhood Improvement Development Corporation (NIDC) must approve application and scope of work before work can begin.

IT HELPS INVESTMENT OWNERS

(Rental Rehabilitation Loan Program) Investor owners can received:

	Forgivable loans up to 50% of the total project cost.
	Owners can receive up to $10,000 per residential unit and $10,000 for exterior improvements.
	Tenant must meet income and rental guidelines.

Income Guidelines		Rent Limits
# People In Household	Income Limit	Rent Limits
1	$37,650	1 Bedrooms	$467.00
2	$43,000	2 bedrooms	$583.00
3	$48,400	3 Bedrooms	$738.00
4	$53,750	4 Bedrooms	$828.00
5	$58,050
6	$62,350
7	$66,650
8	$70,950

	Owners must provide 50/50 matching fund towards the project cost.
	Property must remain up to code and pass re-inspection for over a five years period after rehabilitation.
	Improvements are similar to the owner occupied program.

NIDC must approve application and scope of work before work can begin.

Buy In Your Neighborhood

	Provides down payment loans to investor-owner who purchase within three blocks of the home they live in.
	Investor owner is only required to put 10% for down payment.
	NIDC provides 20% down payment loan at market rate.
	Rental Rehabilitation Program can be used to make property code compliant.

*Other available programs:*
	Affordable Homeownership Paint & Fix-Up program Neighborhood Improvement project (NIP) NHS 200--- Minor Home Repair

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Layton Blvd. West Neighbors        1545 S. Layton Blvd., Suite 506        383-9038 x. 2511
website created: September 2002            updated: May 2006
comments/questions/concerns: Email webmaster--Kathleen Chisholm at   Mailbag@lbwn.org

Income Guidelines

# People In Household

Income Limit

Income Guidelines

Rent Limits

# People In Household

Income Limit