Menomonie program to help with home down payments

29 Oct 2018


Dunn

Effort designed to encourage more people to live in Menomonie 

MENOMONIE — The City Council on Monday approved a private/ public funded program to attract new homeowners to the city.

Program organizer Dan Ostermann told the council the Home Sweet Menomonie program would provide down payment assistance for someone buying a single-family home in the city.

Employees from participating businesses will be eligible to borrow up to $10,000 for a down payment. Funding for the program comes from private, nonprofit and public dollars.

The loans are available on a first-come, first-served basis.

“The recession spurred the movement of young people to big cities, particularly those from rural America,” Ostermann said in a statement. “This down payment assistance program intends to reverse that trend for Menomonie.”

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