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.”