Semcac, a Community Action Agency serving southeastern Minnesota, has funds available for housing rehabilitation loans in Austin.

The Minnesota Housing Rehabilitation Loan Program is a 0 percent interest rate loan with a 15-year term or a 10-year term for mobile/manufactured homes in a mobile home park. Those who fall within the following requirements may be eligible to borrow up to $27,000 to finance improvements to his or her home:

• Must have owned and occupied the property as principal place of residence for the past six months;

• Current with property taxes;

• Current with mortgage payments;

• Have homeowners’ insurance on the property;

• Have less than $25,000 in assets;

• Have had the property weatherized by Semcac or on the waiting list to be weatherized;

• Have total gross household income within the income limits.

Properties in a reverse mortgage, trust or in a cooperative are not eligible through this loan program.

For more information on this program, contact Semcac at cindy.vitse@semcac.org. All applicants are protected under the Data Privacy Act.