Housing Programs Available to Wabasha Residents

Learn more 

  • 10-year $25,000 forgivable loan for home repairs
  • No match requirement 
  • $50,050 1 person household, $57,200 2-person household, $64,350 3-person household, $71,500 4–person household. For full list, please see the flier
  • You must own the home you live in. This program can cover health and safety items like plumbing, electrical, roofing, siding, energy efficiency improvement, and ADA accessibility. It’s a great program for people living in a home with maintenance concerns
  • Click here to learn more

Who may apply for this program?

To qualify, you must:

  • Be the homeowner and occupy the house
  • Be unable to obtain affordable credit elsewhere
  • Have a household income that does not exceed the very low limit by county.
  • For grants, be age 62 or older and not be able to repay a repair loan

How may funds be used?

  • Loans may be used to repair, improve or modernize homes or remove health and safety hazards
  • Grants must be used to remove health and safety hazards

How much money can I get?

  • Maximum loan is $40,000
  • Maximum grant is $10,000
  • Loans and grants can be combined for up to $50,000 in assistance
  • What are the terms of the loan or grant?
  • Loans are termed for 20 years
  • Loan interest rate is fixed at 1%
  • Full title service is required if the total outstanding balance on Section 504 loans is greater than $25,000
  • Grants have a lifetime limit of $10,000
  • Grants must be repaid if the property is sold in less than 3 years
  • If applicants can repay part, but not all of the costs, applicants may be offered a loan and grant combination

Is there a deadline to apply? 

  • Applications for this program are accepted through the local RD office year round

The Rehabilitation Loan Program (RLP) provides deferred loan financing to eligible low-income homeowners statewide who are unable to secure home improvement financing in the private sector. Funds may be used for basic home improvements that directly affect the home’s safety, habitability or energy efficiency.

The Emergency and Accessibility Loan Program (ELP) assists homeowners needing emergency assistance or essential accessibility improvements. Approved RLP lenders are also eligible to serve as approved ELP lenders.

First Time Homebuyer Program

First Time Homebuyer Funds are available through the Minnesota City Participation Program (MCPP).  Individuals applying for First Time Homebuyer loans may qualify for up to $17,000 in down payment and closing cost assistance.

Contact SEMMCHRA at 1-651-565-2638 or click here to visit the website for more information.

You don’t need to be a first-time homebuyer to take advantage of our affordable loans.

The Step Up program has a purchase loan if you’re a current homeowner (or owned within the last three years) and want to buy a different home. You can also use Step Up to refinance your current home at an affordable, fixed rate. 

Step Up is our statewide program for repeat homebuyers or current homeowners to purchase or refinance a home. Step Up offers:

Start Up is our statewide mortgage program for eligible first-time homebuyers, available through participating lenders 

Start Up offers:

  • Income limits up to $134,800
  • Acquisition cost must fall under the following limits: $349,500

There is a strong demand for housing in the City of Wabasha. From 2000-2004, over 130 new housing units had been constructed. That’s an average of 27 units per year. The variety of housing is something on which the City of Wabasha also places a high priority. The 2005 City Comprehensive Plan has a goal of developing and maintaining “a balanced residential housing stock within the City that provides life-cycle housing opportunities and a range of housing options in terms of cost, location, style and affordability.” New market value and affordable single-family housing subdivisions, new luxury condominiums and financial assistance for pre-existing income qualified homeowners and renters are all programs which have assisted in the community in meeting that goal.

Development Name Type of Housing Number of Units First Year of Construction
Eagles Landing Luxury Condominiums 27 Units 2005
Eagle Basin 1st Addition Affordable single-family mixed use 54 lots/5 lots (10 units) 2005
Kreyes 3rd Addition Market rate single-family mixed use 13 lots/18 Units 2004
Country Sunshine Est. One half acre single-family detached housing 7 lots 2004
Danckwart Sub. Market Rate single-family detached housing 5 lots 2003
Kreyes 2nd Add. Market rate single-family mixed use (5 det., 6 att.) 6 lots/8 units 2002
Miller Townhouses Single-family attached townhouses 6 units 2001

It is the Mission of Great River Homes, Inc. to serve people with disabilities in Wabasha County through person-centered approaches.

To learn more about the living services available visit Great River Homes website at https://www.greatriverhomes.org/

Wabasha County works to help people obtain and maintain housing.  To see what programs and services as well as other useful resources, visit their website at  https://www.co.wabasha.mn.us/


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