https://www.cityofmadison.com/dpced/economicdevelopment/documents/SUBORDINATIONchecklist0820.pdfWe currently are requiring 30 days to process loan requests from time a complete loan file is received to time have check and documents ready for loan closing.
Eligible borrowers can request up to $20,000 through the Home Buy the American Dream down payment program. Minimum housing ratio for eligibility remains at 25%, unless documentation of need is submitted.
A minimum housing code inspection will be ordered for all properties located in City of Madison. Lenders will no longer need to submit third party inspection for Madison properties. Need a private 3rd party inspection for Dane County properties, outside the City of Madison.
These funds cannot be used with Movin' Out funds for City of Madison properties.
NOTE: HANDBOOK & FORMS HAVE BEEN UPDATED July 2020.
Contact Office of Community Development
Office of Community Development
P.O. Box 2627
Madison, WI 53701-2627
215 Martin Luther King Jr Blvd, Suite 300
Madison WI 53703
Hours of Operation
The Office of Community Development is open during regular business hours, however, appointments are strongly encouraged.