If you are looking for housing in Door County but still need to qualify for conventional financing, a group of organizations and businesses is offering you an opportunity to learn more about how it can still be accomplished. Money Management Counselors, NeighborWorks Green Bay, Partners for Community Development, Workforce Housing Lending Corporation, Shorewest Realtors, and CrossCountry Mortgage organized the 90-minute seminar to address some of the questions many in the housing market face. According to the Wisconsin Realtors Association, a mild winter aided the growth in housing inventory across the state in February. The statewide median price still went up 5.7 percent to $275,000 over the last 12 months. When coupled with higher mortgage rates, the Wisconsin Housing Affordability Index fell 7.4 percent between February 2023 and February 2024. 

Housing had been a significant issue in Door County for several years, prompting a study by the Door County Economic Development Corporation in 2019. The study showed a countywide shortage, especially in affordable housing. Sturgeon Bay is addressing their shortage by teaming up with a developer to build several homes with the stipulation that they be reserved for people who are working in the county. Sister Bay hosted a meeting in January addressing its affordable housing concerns.

Realtor Carri Busse hopes with an extra knowledge that buyers and renters that do not qualify for conventional financing can still be successful.

The seminar will provide an update on the housing market in Door County and highlight community resources that are available such as lending programs, down payment assistance, and more. The event takes place at Stone Harbor Resort on Saturday from 10 a.m. to 11:30 a.m.

Picture courtesy of Pixabay