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Redevelopment Authority approves $400,000 in construction loans to Habitat for Humanity for Dominican Park lots
Summary
The authority approved two $200,000 construction loans to Habitat for Humanity to support construction of homes on lots 1 and 13 at Dominican Park; disbursement will be tied to building permits, carry 3% interest and repayment is due on sale or transfer to selected Habitat families.
The Waukesha Redevelopment Authority voted to approve $400,000 in construction loans to Habitat for Humanity of Waukesha and Jefferson Counties to support homes on Lots 1 and 13 at the Dominican Park subdivision.
Staff member Jeff recommended approving two $200,000 construction loans, each disbursed only after the developer obtains building permits. He said the loans will carry 3% annual interest and repayment…
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