Racine launches the Mortgage Assistance Program for Homeowners

The Town of Racine has launched its COVID-19 Mortgage Relief Program, allocating $520,000 to help homeowners in the town who may be behind on mortgage payments and utilities due to the pandemic.

These mortgage relief funds are Community Development Block Grants Act (CDBG)-CARES funds.

The city partners with nonprofits Housing Resources, Inc. (HRI) and Legal Action of Wisconsin (LAW) to screen applicants and disburse these funds to qualified city residents.

To be eligible for this assistance, the property must be either a single-family home or a maximum of 4 units and must be owner-occupied and located in the Town of Racine. The property must also be secured by a mortgage. Homeowners applying for this assistance must have a current family income not exceeding 80% of the median income for the region ($61,500 for a family of 4) and must have experienced a loss of income due to the COVID-19 pandemic. 19 after March 1, 2020.

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These funds will be distributed on a first-come, first-served basis and are a one-time grant. Eligible homeowners may be eligible for up to 6 months of mortgage payment assistance, and all payments will be made directly to the mortgage company.

Applicants for this mortgage assistance will be able to apply and upload documents through an online application link at https://www.hri-wi.org/mortgage-assistance. For questions or additional assistance, contact the Mortgage Help Line at 262-222-6688.