Housing Programs Available to Wabasha Residents
- 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 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.
SEMMCHRA offers a wide range of financial wellness and homebuyer services.
For more information or to register click here for HECAT Flyer-QR Code
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:
- Affordable, fixed interest rates for the life of the loan
- As little as 3% down with our exclusive conventional loans
- Down-payment and closing cost loans up to $17,000 – a unique option for refinancing
- Low or no mortgage insurance options for lower monthly payments
- Down-payment and closing cost assistance loan for eligible borrowers
- Income limits up to $175,400
- Purchase price/refinance loan amount must fall under the following limits:
Start Up is our statewide mortgage program for eligible first-time homebuyers, available through participating lenders
Start Up offers:
- Affordable interest rates
- Three down-payment and closing cost assistance loan options for eligible borrower
- 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/
Wabasha Housing Committee
Greetings Wabasha area community members and visitors. During the spring of 2022 a local housing committee was formed during the Wabasha Port Authority strategic planning process. Action minded individuals are meeting once a month to narrow in on the community’s specific housing needs, identifying community stakeholders, and attracting both developers, and funding. The committee called W.A.T.C.H, Wabasha Area Team for Community Housing, is currently identifying land and buildings, both private and public, to repurpose local assets into a variety of housing.
The committee applied for and was accepted into the Minnesota Housing Partnership’s eighth housing institute. The Partnership provides 18 months of technical assistance and an opportunity to apply for grant funds. CEDA staff member, Cathy Enerson, provides staffing for the local housing committee.
In general we know there’s a lack of housing, we know household sizes have decreased, we know senior housing has not expanded, and we know it’s hard to attract and replace employees. Therefore the expansion of housing is a necessity to grow our workforce, schools, businesses, and tax base.
“The committee, the first of its kind, is dedicated to our mission and values. In summary we hope to make our quaint Rivertown, the place where all residents feel they are part of a safe, vibrant community. A community that celebrates growth together.”
If you have time, talent, funding or private land to support community growth please reach out to a W.A.T.C.H. committee member to inform them of your interests and opportunities. You can be one of the stakeholders sparking community growth. Members of W.A.T.C.H committee who meet regularly include: Chair, Robin Gwaltney, Cathy Enerson, Jay Jewson, Jeff Sulla, Mayor Emily Durand, Tom Crowley, Buffy Beranek, Michael Plante, Sandra Allaire, Jim Root, Cari McCann, Dave Wodele, Meg Tucker, Wendy Busch, Jim Freihammer, Don Jacoby , and Nathan Woodworth. Robin Gwaltney can be reached via email at: robin@gwaltneygroup.com, Cathy Enerson can be reached at cathy.enerson@cedausa.com.
News
New housing resources page launched
LisaNovember 4th, 2022|Comments Off on New housing resources page launched
The City of Wabasha Port Authority has just created a new resource page to inform residents about local and statewide programs to make improvements to their homes or to purchase a home. Creating housing [...]
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LisaAugust 8th, 2022|Comments Off on HUD Environmental Review – Wabasha Riverfront Revitalization Project (National Eagle Center)
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Wabasha Port Authority launches W.A.T.C.H. a local housing committee
LisaAugust 4th, 2022|Comments Off on Wabasha Port Authority launches W.A.T.C.H. a local housing committee
The Wabasha Port Authority is launching a housing committee to focus on bringing more housing to Wabasha. During the spring of 2022 a local housing committee was formed during the Wabasha [...]