Funds available for home and rental property owners affected by 2019 flooding

Published 8:43 am Wednesday, September 18, 2019

Residents impacted by June and July 2019 flooding in Dodge, Goodhue, Mower, Olmsted, Rice and SteeleĀ  counties may be eligible for state loans up to $15,000 through the Minnesota Housing Disaster Recovery Loan Program.

The Disaster Recovery Loan Program provides forgivable, no-interest loans up to $15,000 for damaged single family homes and 1-4 unit rental properties. It helps to fill gaps between what homeowners received from insurance and SBA funds, and what it will cost to return the home to pre-disaster condition. There are no income limits for the Disaster Recovery Loan Program.

Homeowners must first apply for and accept all insurance and SBA funds before applying for the Disaster Recovery Loan Program. The deadline to apply for SBA funds is Sept. 30, 2019. Homeowners can contact the program administrator to apply for the Disaster Recovery Loan Program by Nov. 30, 2019.


Email newsletter signup

204 Elm Street
Rushford, MN 55971-0549

  • Call Cindy at 507-864-8207
  • Call Amber at 507-634-4350