The City of Kasson has funding available for owner occupied rehab.  Eligible households must:

  • Live within a targeted area.  For a map of the target areas, click here.
  • Property is suitable for rehab.
  • Homeowner’s property taxes and insurance are current.
  • Property is a permanent structure.
  • Homeowner does not have any outstanding judgments.
  • Homeowner’s income must be at or below established guidelines
Income Guidelines (2023)
Family Size 30% AMI 50% AMI 80% AMI
1 $24,800 $41,300 $66,100
2 $28,350 $47,200 $75,550
3 $31,900 $53,100 $85,000
4 $35,400 $59,000 $94,400
5 $38,250 $63,750 $102,000
6 $41,100 $68,450 $109,550
7 $45,420 $73,200 $117,100
8 $50,560 $77,900 $124,650

The financial assistance will be in the form of a deferred loan.  The amount of the deferred loan will vary on a case-by-case basis.  The deferred loans are secured with a Repayment Agreement. If the property is sold, title is transferred or is no longer the primary residence of the participant:

  • Within the first 6 yrs., the full amount must be repaid to the HRA
  • The amount of repayment is reduced 20% for each year until the end of the 10th year.
  • At the end of the 10th year, the loan is forgiven and becomes a grant.
Financial Assistance
Income based on AMI % Property Owner Match % Deferred Loan Max. Deferred Loan Amount
0-30% AMI 0% 100% $25,000
31-50% AMI 4% 96% $24,000
51-80% AMI 10% 90% $22,500

To apply for the Kasson Housing Rehab Program, please click on the link in the sidebar.

For more information on the Kasson Housing Rehab Program Contact:

Sara Fuher
Grant Administrator

SEMMCHRA
134 East Second Street
Wabasha, MN 55981