Olmsted County Housing and Redevelopment Authority
Home Repair Financial Assistance
2117 Campus Dr SE, Ste 300, Rochester, MN, 55904
Distance: 1488 Miles
(507) 328-7124
tessum.luke@co.olmsted.mn.us
https://www.olmstedcounty.gov/residents/land-property/housing-rehabilitation-programs
Service Details
Description
Loan program to homeowners for routine home maintenance, emergency repairs, or accessibility improvements.
Participants must meet income and other eligibility requirements.
Additional Information
Housing Rehabilitation Program provides financial assistance to qualifying low and moderate-income homeowners to assist in maintaining, repairing, and improving the safety, livability, and energy efficiency of their homes.
* Rehabilitation Loan funds help with energy improvements, modifications for persons with disabilities and eliminate safety hazards and code violations
* Accessibility loan funds can help with special equipment and modifications for those persons with disabilities
Features
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Area Served by County
- Olmsted County
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Specialization
- People with low income
Eligibility
* Live in Olmsted County with the exception of Stewartville
* Own your home for at least 6 months
* Be current on you mortgage payment and property taxes
* Household income limits
Complete eligibility information for the Minnesota Housing Rehabilitation Loan/Emergency and Accessibility Loan Program is available online.
Area Served
Olmsted County
Websites
Phone Numbers
| Type | Number | Hours |
|---|---|---|
| Main | (507) 328-7150 |
Last Update
7/8/2024
Other Locations
This provider does not offer this service at other locations.
Other Services or resources
Taxonomy Terms Used: Clicking a taxonomy term from the list below launches a new search.
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BH-3000.3540Home Barrier Removal Loans Definition
Programs that provide loans to qualified people with disabilities who want to install ramps or elevators, widen doorways, install grab bars in showers and bathrooms, lower kitchen and other cabinets or make other modifications in their homes in order to make them more accessible.
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BH-3000.3550-360Home Rehabilitation Loans Definition
Programs that provide loans for income-eligible people who want to repair or modify their homes or mobile homes to make them energy-efficient, attractive, safe and free of health hazards; or which help eligible individuals find loans for this purpose. Most loan programs cover major repairs, system upgrades and replacements (e.g., plumbing, heating or electrical systems) but not minor repairs. Included are conventional home rehabilitation loans, deferred loans (in which payments are deferred until the home is sold) and forgivable loans (in which all or a part of the loan is forgiven if the borrower resides in the home for a specified period of time). The forgiven part of a forgivable loan amounts to a contingent grant. If the borrower sells the home prior to the specified time period, all or part of the loan is due. A common variation is to have portions of the loan forgiven gradually over a period of years.