Program guide
What to know before you click through
This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.
Who qualifies?
Employees of the City of Racine or Racine Water/Wastewater Utility, Eligible active City of Racine employee groups listed in the 2026 benefits guide, including police, fire, transit represented staff, and water/waste employees, Employees buying a principal residence within the City of Racine, Applicants who do not already own a principal residence in the City of Racine
What support do you get?
$1,000 to $10,000 in down payment and closing-cost assistance, with the final amount based on the closing disclosure.
Do you repay it?
The city records a promissory note and mortgage at closing, uses a forgivable loan structure that requires the home to remain the buyer's principal residence for 7 years, forgives 1/7 of the loan each year, and fully forgives the balance after year 7. The home cannot be rented during the affordability period.
How do you apply?
Submit the completed employee homebuyer application and supporting documents to NSDapplications@cityofracine.org or the Department of City Development, then, after approval, provide the loan estimate, purchase agreement, closing disclosure, settlement statement, and wire instructions before closing.
Application timing
The city says the process can take about 2 to 3 weeks once the applicant has a primary lender and identified property.
Official source evidence
The current City of Racine employee application says eligible employees can receive up to $10,000, while the 2026 city benefits guide still lists the employee homebuyer assistance benefit for the city's active employee groups.
View official source
Last verified
2026-04-21
2026 employee benefits guide
Paid preview
What paid access adds for City of Racine Employee Homebuyer Assistance Program
See the shape of the comparison output, risk checks, lender questions, and next-step checklist before you decide whether this program is worth carrying into the paid layer.
Example paid output for this program. The free page stays visible either way.
Comparison preview
City of Racine Employee Homebuyer Assistance Program
Amount: $1,000 to $10,000 in down payment and closing-cost assistance, with the final amount based on the closing disclosure.
Repayment: The city records a promissory note and mortgage at closing, uses a forgivable loan structure that requires the home to remain the buyer's principal residence for 7 years, forgives 1/7 of the loan each year, and fully forgives the balance after year 7. The home cannot be rented during the affordability period.
First-time buyer: Not required
Risk checks preview
What gets flagged before you call a lender
- City of Racine Employee Homebuyer Assistance Program must be paired with a specific first mortgage.
- City of Racine Employee Homebuyer Assistance Program can trigger repayment if owner occupancy changes.
Lender questions preview
Questions tied to this exact path
- Which first-mortgage product must be paired with City of Racine Employee Homebuyer Assistance Program, and what breaks eligibility?
- Which events trigger repayment for City of Racine Employee Homebuyer Assistance Program: non_owner_occupancy?
Action checklist preview
What you would do next
- Review the official Employee homebuyer page for City of Racine Employee Homebuyer Assistance Program
- Carry the lender question kit for City of Racine Employee Homebuyer Assistance Program
