Gov. announces $39 million for foreclosure assistance - WKOW 27: Madison, WI Breaking News, Weather and Sports

Gov. announces $39 million for foreclosure assistance


Gov. Jim Doyle today announced a $39,000,000 grant from the federal government to help Wisconsin communities hit hard by a growing number of home foreclosures.

The money can be used by communities to buy land, fix up foreclosed properties, or help first-time home buyers with loans.

Foreclosures are a big problem in southeastern Wisconsin.

In Baraboo, there are 100 homes in a 4-mile radius either in foreclosure, about to enter foreclosure, or already in bank auctions.

"This is the worst I've ever seen it," said Tami Mueller, a home foreclosure counselor with a Sauk County non profit.

"It affects everyone. Single dads, single moms," she said.

State government is still working on how to allocate the $39 million, but a spokesman for a Wisconsin government housing agency says the money will likely not go to homeowners facing foreclosure.  Rather, it will go to help communities avoid the negative effects of a growing list of abandoned homes.

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