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ADDI
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Frequently Asked Questions
ADDI Brochure 
Eligibility
Requirements
Property Eligibility
Homebuyer Eligibility
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Required Downpayment
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Property Eligibility
The property must meet the follow requirements:
- The property must be a single family attached or detached dwelling, a condominium or part of a duplex located in the
City of Madison.
- According to HUD, the maximum value of the home being purchased using Madison American Dream Downpayment assistance must be equal to or less than
$223,250.
- Be safe and sanitary, as verified by a City of Madison Minimum Housing and Property Maintenance Code inspection report.
- All properties built before 1978 have been inspected for lead paint and be determined to be lead safe prior to acquisition.
- Have passed an environmental review conducted by the City of Madison Community Development staff.
- Be marketed and sold for no more than their appraised value at the time of sale, as verified by an independent appraisal obtained by the first mortgage lender.
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