Dane County Opengov #95200

Dane County Mortgage Reduction Assistance Program Administration Opportunity

Dane County Human Services is seeking organizations to administer a Mortgage Reduction Assistance Program for low- and moderate-income residents in the Dane County Urban County Consortium. - Government Buyer: - Dane County Human Services - Serving the Dane County Urban County Consortium - Funding and Program Details: - Approximately $448,000 in total funding available - Maximum request per application: $225,000 - Funding sourced from HUD's Community Development Block Grant (CDBG) program, with potential use of Home Investment Partnership (HOME) funds - Multiple projects may be funded under this opportunity - Application Requirements: - Applicants must submit a detailed CDBG application, including questionnaires, budget justifications, and supporting documentation - Electronic submission is required - Projects must align with the Dane County 2025-2029 Consolidated Plan - Organizations should be ready to implement the program in early 2027 - Notable Requirements: - Collaboration with organizations such as Habitat for Humanity and Movin' Out is possible - No specific OEMs or commercial vendors are named, as this is a grant/assistance program rather than a procurement of goods or commercial services - Services Requested: - Operation and administration of a mortgage reduction assistance program for eligible homebuyers

Description

This solicitation is for the Mortgage Reduction Assistance Program aimed at promoting homeownership for low- and moderate-income households through mortgage reduction loans. Funding is expected to be available under the HUD-funded Community Development Block Grant (CDBG) program, with possible use of HOME funds. The maximum request per application is $225,000, and multiple projects may be funded in this category. The project involves collaboration with organizations such as Habitat for Humanity and Movin' Out, with a timeline including County Board approval in January 2027 and implementation readiness by Quarter 1 of 2027.

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