Winona to host meeting to gauge interest on housing rehab program


(5/2/2018)

The city of Winona’s Community Development Department is hosting two public input meetings to identify the interest and need to implement a city-wide owner-occupied housing rehabilitation program for low- to moderate-income homeowners 62 years of age and older or households where anyone living in the home has a disability. Homeowner interest is sought to submit a grant application to the Federal Home Loan Bank of Des Moines, Iowa, requesting $376,820 to implement a citywide housing rehabilitation program for households earning 80 percent or less of the county median income based on household size.

Household incomes are: one person, $41,100; two people, $46,950; three people, 52,800; four people, $58,650; five people, $63,350; six people, $68,050; seven people, $72,750; and eight people, $77,450.

The funding will assist homeowners to make upgrades such as windows, doors, furnaces, plumbing, energy efficiency, electrical, roofing, and accessibility improvements. The funding would allow the city to provide deferred loans up to $18,841 per household at zero-percent interest and forgivable after five years provided the homeowner receiving the funds still resides in the home and has not transferred the real estate.

The public input meetings will be held on Friday, May 4, 2018, at city hall, 207 Lafayette Street, in the council chambers on the third floor. The first meeting will be held at 10:30 a.m. and the second meeting will be held at 5:30 p.m.

If you are unable to attend or would like more information, please contact Nick Larson, community development specialist, at 507-457-8250 or NLarson@ci.winona.mn.us.

 

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