Links to Homeownership
MSHDA program designed to assist families with at least one adult member & a related minor child (or a pregnant applicant/co-applicant) to purchase a home. Down payment assistance & Closing cost funds are available. Both Counties are included.
Homebuyer/Purchase/Rehabilitation
Program designed to help a person or family purchase a home with downpayment & closing costs & doing rehabilitation work to reduce major repairs to keep the payments affordable. Limited to Home purchase in the City of Ironwood.
Homeownership Counseling/Savings Program
MSHDA certified counselor is available for required home ownership counseling prior to accessing any MSHDA mortgage loan. Obtain 3:1 savings match for Down Payment Assistance.
Emergency Assistance
Income Eligibility - 200% FPG Eligible households receive financial help to solve their Utility Shut-off problems.
Continuum of Care
Lead facilitator in the coordination of community organization to develop strategies & activities to address homelessness in both counties.
GOGEBIC COUNTY HOUSING REHAB
FOCUS: Income eligible homeowners of single- family residence in Gogebic County.
FEATURES: A wide-range of rehab work Access to specialist to write project specifications & to monitor contract work.
Financing for rehab services.
Access to licensed and insured contractors.
Coordination of rehab activities between
contractor and homeowner.
Rehab projects are subject to mortgages
| DEFERRED | DEFERRED | |||
| 100% LOAN | 100% LOAN | |||
| # IN | INCOME | INCOME | ||
| FAMILY | MAXIMUM | MAXIMUM | ||
| 50% of MEDIAN | 80% of MEDIAN | |||
| 1 | $17,350.00 | $27,700.00 | ||
| 2 | $19,800.00 | $31,700.00 | ||
| 3 | $22,300.00 | $35,650.00 | ||
| 4 | $24,750.00 | $39,600.00 | ||
| 5 | $26,750.00 | $42,750.00 | ||
| 6 | $28,700.00 | $45,950.00 |