$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 (2026) | |
| Family Size | 80% AMI |
| 1 | $63,950 |
| 2 | $73,050 |
| 3 | $82,200 |
| 4 | $91,300 |
| 5 | $98,650 |
| 6 | $105,950 |
| 7 | $113,250 |
| 8 | $120,550 |
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.
