Wisconsin Banking Update
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Putting Low-Income Buyers in Foreclosed Homes
Posted on January 3rd, 2010 No commentsThe Wisconsin Housing and Economic Development Authority introduced its Neighborhood Advantage program earlier this year to encourage people to buy foreclosed homes in five counties, including Rock County. Those who make less than 50 percent of the county median income are eligible for a loan of 50 percent of the purchase price. A separate, forgivable loan of up to 25 percent of the purchase price is offered to very low-income residents, the Janesville Gazette reported.
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