Beloit Moderate-Income Housing

8 New Single-Family Homes coming to Beloit beginning in August 2025!

The house to the left was built in Clay Center. These are the exact homes being built in Beloit. Homeowners can customize a limited number of elements within the house (countertops, cabinet, siding color, and more), if contracts are signed prior to construction.

Moderate-Income Household Income Limits

Buyers must income qualify to be eligible to purchase a home! Income limits are based on household size and annual household income after taxes. Income limits are listed below.

Down Payment Assistance Program:

The Down Payment Assistance program is available for all 8 homes. If you qualify to purchase a home, you automatically qualify to receive $30,000 in down payment assistance after a purchase contract is signed. The down payment assistance comes as a second mortgage with the City of Beloit. Homeowners must live in the home for 5 years. At the end of 5 years, the $30,000 is forgiven in full. A promissory note between the buyer and the city is also required.

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