City of
Madison

District 2

Alder Ledell Zellers

Alder Ledell Zellers

Alder Ledell Zellers

Contact Information

Home Address:

510 N Carroll St
Madison , WI 53703

Council Office

Common Council Office:
210 Martin Luther King, Jr. Blvd
Room 417
Madison, WI 53703
Phone: (608) 266-4071
Fax: (608) 267-8669
WI Relay Service

Alder Zellers’ Updates

Up to $100,000 forgivable Loan to Become a Homeowner

October 17, 2014 1:15 PM

Please come and learn about a city program which promotes home owner occupancy in portions of Mansion Hill, James Madison Park and Tenney Lapham neighborhoods.  This program (Small Cap TIF program) provides up to $100,000 for a forgivable loan for purchase of a home in the defined area.  Many of the homes are also in a national historic district which means some rehab expenses would be eligible for historic tax credits.

This informational event will include presentations by city staff, neighborhood residents, and industry professionals and will cover the forgivable loan program and historic tax credits.  There will also be tours available of several homes that have been converted from rental to owner-occupied, are in the process of doing so, or might be eligible for a small cap TIF loan.
 
Event
What: Informational Open House & tours about Small Cap TIF forgivable loan program and historic tax credits
Location: Mendota Lake House Bed & Breakfast, 704 E Gorham St
When: October 25, 2014 from 2:00 – 5:00
 
Please let others, who may be interested in buying a home in our neighborhood, know about this opportunity to learn about how they may be able to make purchasing and fixing up a home in our neighborhood affordable.
 
I have attached a press release which provides additional information and a flyer to promote this event.  You can also find information about the forgivable loan program at:  http://www.cityofmadison.com/dpced/economicdevelopment/mansion-hill-james-madison-park-neighborhood-small-cap-tif-loan-program/229/
 
Please give me a call if you have questions and thanks for your help to promote this program.



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