Funding

Funding

Residential

The City of Berlin offers a residential housing incentive program.  This program is for new residential construction in the  City of  Berlin. The program is a 4% rebate based on the assessed value of the new home with a maximum of $10,000 per property.

Residential Housing Brochure

Residential Housing Application

The  City of  Berlin partners with Housing and Urban Development (HUD) Community Development Block  Grant (CDBG)  to offer housing rehabilitation program for community’s ability to conserve, rehabilitate, and improve residential properties occupied by low-to-moderate (LMI) residents.

CDBG Residential Rehabilitation Brochure

CDBG Homeowner Application

CDBG Rental Application

CDBG Income Limit

United State Department of Agriculture Rural Development:

Business

United Stated Department of  Agriculture (USDA) Revolving Loan Fund (RLF)

The  Berlin Community Development Corporation administers the USDA-RLF program that offers low interest loans for small emerging businesses in the City of  Berlin.

USDA RLF Manual and  Application

KIVA Loans

Department of Administration Community  Development Block Grant:

Wisconsin Economic Development Corporation Funding:

United States Department of Agriculture Rural Development

Other Business Funding:

Tax Incremental Finance (TIF)

Tax Incremental Finance (TIF) is a financing option that allows a municipality (city, village or town) to fund infrastructure and other improvements, through property tax revenue of newly developed property. A municipality identifies an area, the tax incremental district (TID), as appropriate for a certain type of development. The municipality identifies projects to encourage and facilitate the desired development. Then as property values rise, the municipality uses the property tax paid on that development to pay for the projects. After the project costs are paid, the municipality closes the TID. The municipality, school(s), county, and technical college are able to levy taxes on the value of the new development.

Types of TID:

  • Blight
  • Rehabilitation
  • Conservation
  • Industrial
  • Mixed-Use
  • Environmental Remediation

City of Berlin Tax Increment Districts and Plans

Opportunity Zones

The 2017 Tax Cuts and Jobs Act established Opportunity Zones to spur private investment in distressed communities throughout the U.S. This new Opportunity Zones program will allow investment in some of our nation’s most economically challenged communities through tax incentives.  The tax incentives encourage private investment to accelerate economic growth and job creation.

Opportunity Zone Map

FAQ about Opportunity Zones

Census Tract Data for Berlin