The Acquisition & Demolition Grant is designed to help bridge the financial gap between redeveloping in more mature neighborhoods with deteriorating housing stock and other housing opportunities.
Donor Name: La Crosse County
State: Wisconsin
County: La Crosse County (WI)
Type of Grant: Grant
Deadline: 12/10/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: Grant Duration Not Mentioned
Details:
Funding Information
- The maximum grant amount will be based on the size and scope of the project. They anticipate awards to be in the range of $5,000 to $75,000, and in no case will this program provide more than $100,000 to a single project. The maximum award for a single-family project on a vacant lot purchased from the local municipality will be $10,000. The maximum award for a single-family project in which the applicant is razing an existing deteriorated house is $50,000. The maximum award for a multi-family project in which the applicant is razing an existing deteriorated house will be $100,000.
- The end product of the redevelopment work must be taxable housing units with a minimum value of $175,000 per unit for single-family and $80,000 for multi-family.
Uses of funds
Funds may be used for activities to prepare property within the target neighborhoods for residential redevelopment. Examples of acceptable uses include, but are not limited to:
- purchase of property;
- pay off of a loan used to purchase property (within 6 months of purchase),
- demolition and clearing of property,
- utility connection work to serve the property,
- survey work to reconfigure lots.
Eligible Properties
Properties must be located within La Crosse County to be eligible. If the project is located within a defined target neighborhood, which are established based upon criteria such as low valued housing stock, concentrations of poverty, proximity to employment opportunities, etc., it will receive priority.
Eligibility Criteria
Anyone who is proposing to acquire, clear, and redevelop low-valued properties and is committed to constructing higher-valued residential development within the guidelines of this program is welcomed to apply. Applications may be submitted by:
- Individuals/Families;
- Developers/Builders;
- Non-Profit Organizations;
- For-Profit Businesses.
For more information, visit La Crosse County.
