What is NeighborWorks Green Bay Purchase Assistance (HOME / HCRI / NeighborWorks Loan Fund)?
NeighborWorks Green Bay Purchase Assistance (HOME / HCRI / NeighborWorks Loan Fund) is a deferred second loan for homebuyers in Green Bay, Wisconsin, administered by NeighborWorks Green Bay.
- NeighborWorks Green Bay offers several down payment and closing cost assistance loans for income-eligible homebuyers: the HOME loan (up to $15,000), the Housing Cost Reduction Initiative/HCRI loan (up to $7,500), and the NeighborWorks Loan Fund/NLF loan (up to $7,000). Each is a 0% interest, no-monthly-payment deferred loan repaid when the home is sold, ownership changes, the home is no longer owner-occupied, or in some cases of refinancing. Location and income limits apply.
- Deferred 0% interest loan up to $15,000 (HOME), up to $7,500 (HCRI), or up to $7,000 (NLF) toward down payment and closing costs; no interest, no monthly payments.