
2025 Financing for Affordable Homeownership Development, Programs, and Services
Purpose
The City of Madison Community Development Division (CDD) is seeking to improve and expand housing choices available to residents in Madison by supporting proposals from qualified developers and service providers that seek to accomplish the following objectives:
- Improve Existing Owner-Occupied Housing Stock: Offer programs that provide major and minor home repair to homeowners.
- Expand the Supply of Owner-Occupied Housing: Provide financing to developers for the acquisition-rehabilitation or new construction of affordable owner-occupied units.
- Provide Homebuyer Assistance: Offer programs that deliver mortgage reduction assistance and homebuyer education.
This RFP also includes the opportunity to develop up to six City-owned residential lots in the Owl Creek neighborhood, offered for $1.00 each, to further expand affordable homeownership options in Madison.
Important Updates
Please note that unanticipated delays from the U.S. Department of Housing and Urban Development (HUD) have impacted the execution timeline for current federally funded contracts.
Additionally, the Major Rehabilitation Program is not included in this Affordable Homeownership RFP cycle. That program will be put out to bid during the 2028 RFP cycle.