$25,000 Now Available for 7-year Deferred Loan/Grant. No owner’s match required.
The Cities of Goodhue and Dennison has funding available for owner occupied rehab. Eligible households must:
- Live within the city limits of Goodhue or Dennison.
- 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 (2025) | |
Family Size | 80% AMI |
1 | $63,400 |
2 | $72,450 |
3 | $81,500 |
4 | $90,550 |
5 | $97,800 |
6 | $105,050 |
7 | $112,300 |
8 | $119,550 |
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 7 yrs., the full amount must be repaid.
- At the end of the 7th year, the loan is forgiven and becomes a 100 percent grant.
To apply for the Goodhue and Dennison Rehab Programs, please click on the link in the sidebar.