BMO Harris devotes $1 million to grant program for aspiring homeowners
BMO Harris is offering homebuyers across several midwestern cities up to $13,000 in assistance for downpayment and closing costs.
Click here for more information about how to apply for the Welcome Home Grant.
The program was originally launched in March 2022 in Chicago and Phoenix; however, BMO Harris recently announced the addition of five new markets: Minneapolis, Milwaukee, St. Louis, Indianapolis, Kenosha County and Lake Country, Illinois.
Borrowers eligible for the program can contribute as little as $1,000 for a downpayment, according to the company.
The home being bought by prospective grantees must be located in a majority-minority census tract.
Funding will be available to applicants until July 31.
Need more help with housing questions? The Milwaukee Resource Guide is here to help. Have something you want answered? Submit a question.
Talis Shelbourne is an investigative solutions reporter covering the issues of affordable housing and lead poisoning. Have a tip? You can reach Talis at (414) 403-6651 or tshelbourn@jrn.com. Follow her on Twitter at @talisseer and message her on Facebook at @talisseer.
This article originally appeared on Milwaukee Journal Sentinel: BMO Harris devotes $1 million to grant program
