Madison, Wis. (NNCNOW.com) - On Thursday, Wisconsin Gov. Scott Walker signed legislation to assist people struggling to pay high heating bills as a result of the propane shortage and bitterly cold winter.
The law will enforce the emergency heating assistance loan guarantee program. To be approved for emergency heating assistance, applicants must have a household income less than 200 percent of the median income of their county; they cannot be eligible for conventional financing, and they must demonstrate reasonable ability to repay the loan.
This measure allows families to receive financing up to $2,500 through a participating lender with a guarantee of 50 to 80 percent on the original amount borrowed.
"This emergency heating assistance loan guarantee program will help families make ends meet and offers some relief from the burden created by the propane crisis," said Governor Walker.