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Home Improvement Programs promote energy efficiency and preserve existing housing stock . Funds are available for McLeod County & Meeker County. Funding has also been targeted to specific areas with older housing stock within the City of Hutchinson.
(Click on the links to move down the page to each section)
City Wide SCDP Rehabilitation Project
MHFA Fix-Up Fund & Community Fix-Up Fund - Plus 4% Discount Energy & Green Deferred Loan Programs
MHFA Rehabilitation
City Wide SCDP Rehabilitation Project
The City of Hutchinson has been awarded funding for homeowners interested in improving their homes from the Minnesota Department of Employment & Economic Development, Small Cities Development Program (SCDP). This assistance to Homeowners is in the form of a 0% Interest, Deferred Loan forgiven after 10 years. If the property is sold, title is transferred, or the Borrower no longer lives in the home before the 10-year forgiveness date, 10% will be forgiven each full year in the home.
The SCDP Loan amount is 70% of the repair costs. 30% of project cost is an Owner Match. Match funds can be obtained from other products available through the Hutchinson HRA.
The maximum SCDP Loan amount available is $24,999, per property. Any costs exceeding this amount will be the responsibility of the Homeowner.
The Main Purpose of the Program is to address Health & Safety Issues, along with other improvements such as Repair or Replacement of the following:
- Defective plumbing, heating or electric systems
- Roofing, windows and doors
- Exterior carpentry such as rotting siding, porches and steps, etc.
- Handicap Accessibility Issues
Minnesota licensed general contractor that is on file at the HRA office will have to do the rehab work and depending if your home has lead-based paint, a Lead-Certified Contractor may be needed.
To Qualify:
- You must live in the City of Hutchinson
- You must own the home free and clear of debt OR have 1/3 fee title interest in the property, through a Mortgage, Contract of Deed or Life Estate that is on record at the McLeod County Recorder’s Office.
- You must be current on House Payments and Property Taxes.
- You must be able to acquire an Owner Match of 30% of the project cost. Match funds can be obtained from other products available through the Hutchinson HRA.
- Your Gross Annual Total Household Income for the SCDP Loan, of any person age 18 or older, including ALL SOURCES of income, cannot exceed the following limits:
Family Size |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
Income Limit |
40,600 |
46,400 |
52,200 |
58,000 |
62,650 |
67,300 |
71,950 |
76,600 |
MHFA Fix-Up Fund & Community Fix-Up Fund
The MHFA Fix-Up Fund is available to homeowners for general home improvements at below market interest rates with low closing costs and fees.
The MHFA Community Fix-Up Fund is targeted to the NE Neighborhood Rehabilitation Project area, & Discount Energy Loan Program in Hutchinson.
MHFA Rehabilitation Loan
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