Wood County Housing Rehabilitation Program
Wood County is in the final stages of creating a housing program to benefit low
and moderate income (LMI) households. Funding for this program is through the Wisconsin
Community Development Block Grant (CDBG) Program, Division of Housing and Community
For more information contact:
Housing Program Administrator
Wood County Housing Program
Phone: (715) 343-7142
CAP SERVICES, INC
1725 West River Drive
Stevens Point, WI 54481
What types of assistance are available?
- Homeowner (owner-occupied)
No-interest, deferred payment loans are available for housing rehabilitation. The
loans will be deferred until the housing unit ceases to be the borrower’s principal
place of residence. At that time, repayment will be due in full.
- Landlords or Investor-Owned Properties
No-interest loans are provided for rehabilitation costs to rental properties and
are re-paid to the County over a period of 5 to 10 years. The owner must agree to
rent only to low to moderate income tenants for a period of 5 years.
- First Time Home Buyers
Funds are available for down payment and closing cost assistance for first time
home buyers, and for any housing rehab work needed to bring the home up to HUD’s
Housing Quality Standards. Down payment/closing cost assistance and rehab funds
are available as 0-4% interest deferred loans. The deferred loans are due when the
home is sold, no longer the primary residence or 30 years from the date loan closed.
For more information on this program please contact Nancy Thiede at (715) 343-7108
Upcoming Informational Meetings
To learn more about the Wood County Housing Rehabilitation Program, and apply for
funding, you are welcome attend one of the following informational sessions.
- August 23, 2011, 9am - 4pm - Aging and Disability Resource Center (Brehm Room), Wisconsin Rapids
Activities which are eligible under CDBG Small Cities Housing program include but
are not limited to:
- deferred payment housing rehabilitation loans to LMI owner-occupants
- low-interest rehabilitation loans to owners of LMI renter-occupied units
- accessibility improvements such as wheelchair ramps and wider doorways
for LMI occupied dwellings
- sewer and water laterals from the lot line to the LMI-occupied dwelling unit
- wells and septic systems for LMI-occupied dwelling units
- direct assistance to LMI households to facilitate and expand homeownership (e.g.,
eligible closing and up to 50% of the required down payment based on the matching
amount). Applicants for homebuyer assistance funds should be aware that homebuyer
education will be a required component of this activity.
- conversion of structures into dwelling units affordable to LMI households
- neighborhood code enforcement activities which will result in improvement to the
- hazard mitigation activities such as flood proofing, landscaping to improve drainage,
or sewer back flow prevention
- "safe rooms" (for tornadoes and other severe storms) where grantees are able to
identify a need for such an activity
- retro-fitting for wind resistance where other property conditions require the replacement
of the roof or siding
The Community Development Block Grant Program is an equal Opportunity Program. Women
and minorities are encouraged to apply.