Replacement Housing Program  

The City of La Crosse's Replacement Housing Program has two goals; increase the number of affordable homes available for low-moderate income households and to revitalize neighborhoods. The City developed a partnership with Western Technical College and Central High School to assist in achieving these goals. The City provides Western and Central a hands-on job training site and materials to construct a single family owner occupied home. Upon completion the homes are sold to a low-moderate income household.

Homes for Sale

1120 Liberty St - $192,100: 

The sales price is $192,100 however qualified Purchasers may be eligible to receive a deferred second mortgage of up to $52,100 and a forgivable third mortgage of $20,000 to help make monthly mortgage payments affordable. The deferred second mortgage accrues at 3% simple interest, monthly payments are not required and the loan matures after 30 years. The forgivable third mortgage is 0% interest, a portion is forgiven each year the Purchaser lives at the property, over a 15 year period. Purchaser shall provide $120,000 of investment through down payment and/or financing. Purchaser must meet the gross income eligibility requirements (listed below) and be eligible for the City's Replacement Housing Program. Replacement Housing Applications are available here. Home must remain single family owner occupied. Please contact Dawn Reinhart at 608-789-7360 with questions. 

NOTE:  Buyers must submit a formal written offer to purchase AND a Replacement Housing Application. Offers to purchase have to be approved by the Community Development Committee (CDC), the CDC meets the 2nd Tuesday of the month. Offers to purchase and applications must be submitted by the 1st Tuesday to be considered for approval. Incomplete offers and applications will not be considered. 

1402 Charles St - $169,000:

New Construction! Home features 2 bedrooms, 1 bath and a detached 2 car garage. Basement has two egress windows and stubbed plumbing for future bedrooms and a bathroom. For more listing details click here. 

The sales price is $169,000 however qualified Purchasers may be eligible to receive a deferred second mortgage of up to $49,000 and a forgivable third mortgage of $15,000 to help make monthly mortgage payments affordable. The deferred second mortgage accrues at 3% simple interest, monthly payments are not required and the loan matures after 30 years. The forgivable third mortgage is 0% interest, a portion is forgiven each year the Purchaser lives at the property, over a 15 year period. Purchaser shall provide $105,000 of investment through down payment and/or financing. Purchaser must meet the gross income eligibility requirements (listed below) and be eligible for the City's Replacement Housing Program. Replacement Housing Applications are available here. Home must remain single family owner occupied. Please contact Dawn Reinhart at 608-789-7360 with questions. 

NOTE:  Buyers must submit a formal written offer to purchase AND a Replacement Housing Application. Offers to purchase have to be approved by the Community Development Committee (CDC), the CDC meets the 2nd Tuesday of the month. Offers to purchase and applications must be submitted by the 1st Tuesday to be considered for approval. Incomplete offers and applications will not be considered. 

Under Construction

The homes listed below are under construction are anticipated to be completed as noted below. Please be advised that the anticipated completion date is an estimate.

  

Property Address & Completion Date:       

  • 721 Charles St   
    September 2019
  • 2130 Kane St
    Spring 2020

Upon completion, homes will be listed on the Multiple Listing Service (MLS), at or below assessed value. To purchase a Replacement Housing home, the Buyer must have a gross income below 80% of County Median Income and qualify for a conventional mortgage. The City offers a deferred second mortgage to help make the monthly mortgage payments affordable to most income levels. Please review the Replacement Housing Application for specific details on the deferred second mortgage. The buyer must also participate in a HUD certified home buyer counseling session. Please review the replacement housing application for a more detailed list of eligibility requirements. Click here for the Replacement Housing Application. All homes have an owner occupied deed restriction. If you are interested in purchasing one of these homes and meet our income qualifications listed below, please contact Dawn Reinhart at 608-789-7360. Replacement Housing Program is located on the 3rd floor in City Hall, 400 La Crosse Street.

2019 Maximum Gross Income Limits Number of Residents
 $44,050  1
$50,350 2
$56,650 3
$62,900 4
$67,950 5
$73,000 6
$78,000 7
$83,050 8
Looking for an easy, affordable loan to improve your home?

WHEDA's HomeStyle Renovation Program allows a borrower to purchase a property, or refinance an existing WHEDA loan AND roll allowable renovation and rehabilitation costs into the mortgage transaction. In addition, up to six months of mortgage payments can be included in the financing if a homeowner is unable to live in the home during the renovation. To make it even more affordable, eligible borrowers can use WHEDA down payment assistance to realize up to 100% financing. For more information, go to www.wheda.com or speak with your lender.