On Saturday, Milwaukee residents will have an opportunity to learn about the various incentives and programs available to purchase a property in the city.
Officials with both the city of Milwaukee and Take Root Milwaukee, an organization that helps connect people with resources to better enable them to buy a home, will be hosting the Home Ownership Fair. The event will run from 8 a.m. to 1 p.m. Saturday at the Wisconsin Expo Center, 8200 W. Greenfield Ave., Milwaukee.
At the fair, residents can meet lenders, realtors, home-ownership specialists and neighborhood organizations, according to a news release from the Department of City Development.
The city’s Neighborhood Improvement Development Corp. will be on-hand to discuss the Homebuyer Assistance Program, which offers rehab loans of up to $30,000 to those purchasing city-owned properties.
Many tax-foreclosed properties held by the city for lengthy periods do not get essential repairs, giving rise to blighted neighborhoods and decreasing the property value of others’ homes.
Additionally, officials will provide information on the STRONG Homes Loan program, which offers partially loans of up to $20,000 to current homeowners who in turn can hire contractors to make essential repairs to their properties.
Event organizers will also hold workshops on both home purchasing, starting at 9 a.m., and home rehabilitation, beginning at 10 a.m.