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The original item was published from 10/15/2019 3:23:02 PM to 11/1/2019 12:00:03 AM.

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Posted on: October 15, 2019

[ARCHIVED] Homebuyer's Assistance Available through Red Wing HRA

Photo of a small house figurine with key on a counter

The Red Wing Housing & Redevelopment Authority (HRA) administers the Affordable Housing Trust Fund (AHTF) Homebuyers Assistance Program and has funding available for five more loans before the end of this year ($45,000). 

Fast facts for AHTF Homebuyers Assistance Loans 

  • Maximum $9,000 loan
  • For workforce families
  • 0% deferred pay-off for up to 30 years; recipient must live in the home
  • 625 credit score or better
  • Homebuyer Education Certificate required
  • $1,000 equity required by the homebuyer
  • Properties to be located in the City of Red Wing
  • Properties must be livable and appraise high enough for all loans
  • $100 application fee due at closing

The Guidelines and Application are available on the HRA website.

Guidelines & application available here.
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