The City of St. Charles 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 (2021)
Family Size 30% AMI 50% AMI 80% AMI
1 $16,450 $27,400 $43,800
2 $18,800 $31,300 $50,050
3 $21,960 $35,200 $56,300
4 $26,500 $39,100 $62,550
5 $31,040 $42,250 $67,600
6 $35,580 $45,400 $72,600
7 $40,120 $48,500 $77,600
8 $44,600 $51,650 $82,600

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 St. Charles Housing Rehab Program, please click on the link in the sidebar.

St. Charles Housing Rehabilitation Application

For more information on the St. Charles Housing Rehab Program Contact:

Rosie Schnell
Special Projects Coordinator

SEMMCHRA
134 East Second Street
Wabasha, MN 55981