Beloit is offering a new roof replacement program

BELOIT, Wis. (WTVO) — The City of Beloit is looking to bring the necessary resources to improve homeowners, starting with a roof replacement program.

The city has taken $500,000 of the tax increment district housing fund for the program. Homeowners at 80% or below the county’s median income can apply for the forgivable loan program to replace their roofs.

The terms of the forgivable loan will be $15,000 offered at 1/60th per month over 5 years with a 0% interest rate.

To apply a homeowner must have a property in the City of Beloit, the property must be occupied and the owner must be up to date on any taxes owed.

Someone looking to apply also must be income-eligible according to this chart:

The program aims to improve aged housing stock in neighborhoods along with helping homeowners replace deteriorating roofs.

To learn more about the program visit City of Beloit’s website .

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