The Partnership received the largest allocation of NSP (Neighborhood Stabilization Program) funds to a single organization in Wisconsin—almost $2 million—to purchase and rehabilitate 15 foreclosed homes in Appleton, Janesville, Madison, New Richmond and Waukesha. The project restores the homes as attractive, affordable housing choices for low and moderate-income buyers and helps strengthen the housing market in neighborhoods where the homes previously sat vacant and unused. We have completed rehabilitation and sold most of the homes.
The next phase of NSP activity began in the summer of 2011 when we purchased additional homes using the proceeds from sales of the first round of homes. We have also been selected by the City of Janesville to purchase, rehabilitate and sell another six homes. Currently, rehab work is under way on three of the properties. We expect these three homes to be available for purchase in May of 2012.
- Restoration Homes: 1631 West Spring Street
- 608–258–5560 ext 25
- 1631 West Spring, Appleton, Wisconsin
- $67,500
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