MILWAUKEE — A Milwaukee homebuyer program is helping workers purchase their first homes as housing costs continue to rise across Wisconsin.
The program, run through Havenwoods Neighborhood Partnership, works with local businesses to offer forgivable grants employees can use toward a down payment. One participating company, Sellars Absorbent Materials, has helped employees buy homes through the initiative over the past two years.
According to the Wisconsin Realtors Association, the average price of a home in Wisconsin is now $362,000, up from $170,000 in 2016. The National Association of Realtors says the average age of a first-time homebuyer is now 40, a record high…