The American Dream Downpayment Initiative, ADDI is a federally funded assistance program through the City of Milwaukee.
The funds available through ADDI are unique in the way that they can be used for down payment, closing costs and, on a limited basis, repairs in connection with a home purchase. It is a forgivable loan, so long as the homebuyer remains the owner & occupant for 5 years.
All homebuyers using ADDI must pay a minimum of the lesser of $1,000 or 2% of the sale price toward down payment and closing costs.
This loan can be used towards the purchase of a single family, duplex, or condo unit located in the city of Milwaukee.
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Do I Qualify?
Homebuyers who qualify for ADDI must be included under these guidelines: