Our development program puts families in homes they can own and afford to live in.
The Partnership works with communities across the state to improve access to homeownership. In the City of Madison, for example, housing costs are extremely high, and supply of quality affordable housing is limited. The Partnership receives funding from the City to purchase vacant homes, complete rehabilitation to ensure they are safe and lead-free, and sell the homes to low-income households living in Madison. Households receive homebuyer counseling and down payment assistance.
WPHD’s development program seeks to put families in homes they can own and afford for the long term. A recently completed property in Madison was foreclosed by a bank, and contaminated with mold after a water leak. Utilizing a combination of HOME funds and construction financing, WPHD purchased the property, completed mitigation of all mold, and hired crews from Operation Fresh Start to complete the remaining rehab. When finished, the four-bedroom home was sold to a low-income family, and the project yielded multiple benefits for the community:
