$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.

Housing Rehab Contacts:

SEMMCHRA
134 East Second Street
Wabasha, MN 55981

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