​​Housing Cost Reduction Initiative (HCRI)​

​​​The Housing Cost Reduction Initiative (HCRI) was created in 1989, by the Governor and the Wisconsin Legislature. The State set aside these funds to provide housing assistance to low- and moderate-income (LMI) households seeking to own decent, safe, affordable housing. The Wisconsin Department of Administration, Division of Energy, Housing and Community Resources (DEHCR) awards these funds to eligible applicants through a biennial funding cycle.

​​​​​​Eligible Activities​

Eligible HCRI Program activities include:

  • Acquisition: Grantees can help eligible homebuyers purchase affordable homes by providing down payment​, closing cost, and/or gap financing assistance.

  • Foreclosure Prevention: Grantees can provide payment on behalf of homeowner to prevent foreclosure and/or utility disconnections.  Costs include payments to cover mortgage, property tax, principal, interest, and/or arrearages.

HCRI funding cannot be used to provide assistance for development costs, improvements to dwelling units, or payments on a construction or rehabilitation loan.  ​​

​Manual

HCRI Handbook.doc

Monitoring Documents

HCRI Project Monitoring Checklist.docx

Monitoring_Plan_FINAL_1.pdf

Application Materials

HHR 2020 and 2021 application instructions.doc

HHR 2020 and 2021 Blank Application Form.doc

Notices

Household Income Limits

Reports

HCRI Quarterly Report.doc

​Contact Information

​​HCRI Program Manager

DOADOHHHRHCRI@wisconsin.gov​

Department of Administration

Division of Energy, Housing, and Community Resources

P.O. Box 7970

Madison, WI 53707-7970​​