SEMMCHRA's 2024 Program Aids First-Time Homebuyers in Dodge, Goodhue, Wabasha, and Winona Counties

The Southeastern Minnesota Multi-County Housing and Redevelopment Authority (SEMMCHRA) has issued the FTHB Information Packet 2024. This is for the 2024 Minnesota City Participation Program, targeting first-time homebuyers in Dodge, Goodhue, Wabasha, and Winona Counties. The program provides below-market interest rates for 15 or 30-year fixed rate mortgages.

First-time homebuyers who qualify can receive assistance for down payments and closing costs. The program will conclude when the funding of $1,405,513.00 is depleted or in early December 2024. The funds are available on a first-come, first-served basis.

The program does not include the cities of Red Wing and Winona. It's worth noting that some Minnesota Housing Finance Agency loan programs mandate homebuyer education. This education is to ensure that first-time homebuyers understand homeownership responsibilities.

For more details about the program, interested individuals can visit the SEMMCHRA and Minnesota Housing Finance Agency websites. The program aims to help first-time homebuyers in the mentioned counties to obtain affordable housing.

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