Dane County Opengov #263239

Mortgage Reduction Assistance Program Administration for Low- and Moderate-Income Residents

Dane County Human Services is seeking organizations to operate a mortgage reduction assistance program for low- and moderate-income residents within the Dane County Urban County Consortium. - Funding is provided through the HUD Community Development Block Grant (CDBG) program, with potential use of Home Investment Partnership (HOME) funds. - Total available funding is approximately $448,000, with a maximum of $225,000 per application; multiple projects may be funded. - Applicants must submit a comprehensive proposal including: - Detailed project plan - Budget - Organizational experience - Compliance with federal and state regulations is required, including displacement and environmental considerations. - No specific OEMs or commercial vendors are named; this is a service-based opportunity for nonprofit or community organizations. - The program focuses on administering mortgage reduction loans to promote homeownership. - Projects must be shovel-ready by the first quarter of 2027; funding covers a single program year.

Description

This project aims to operate a mortgage reduction program to promote homeownership among low- and moderate-income residents in Dane County. The program utilizes HUD and County funds to provide mortgage reduction loans. The project requires detailed planning, staffing, and compliance with federal and state regulations. Proposals must be submitted online via the Dane County Procurement Portal and include a detailed project plan, budget, and organizational experience. Funding requests are capped at $225,000 per application, with a maximum funding amount of approximately $448,000.

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