"Homeownership is good for these families, because it helps them build equity in their home.
It also stabilizes and strengthens local communities."
--Mike Olson,
Housing Director
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CAP's First Time Home Buyer's Assistance Project provides downpayment, closing cost and rehabilitation assistance to low-and moderate-income homebuyers
whose household income is at or below 80% of county median income. Home buyers must have savings of at least $1,000 to apply to the down payment to qualify for participation.
Assistance is provided in the form of a 4% simple interest loan, due when the home is sold or is no longer the primary residence of the original qualifying buyer.
Assistance averages $15,000 per household.
Since 1991, CAP has helped 976 households purchase their first home with deferred loans of more than $9 million. Repaid loans are combined with new funds and
re-loaned to new homebuyers.
For additional information, contact:
Marquette and Waushara counties
Sue Murphy
920.787.1532
smurphy@capmail.org
Portage and Wood counties
Nancy Thiede
715.343.7108
nthiede@capmail.org
Waupaca County
Nicole Tiedt
920.420.1223
ntiedt_cap@gwicc.org
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