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Community Housing Improvement Program II

white plastic container on white table

The Austin HRA has expanded its current CHIP loan program designed to focus on helping existing home owners with potential home remodels. The program provides low-interest loans to income eligible, owner occupied homes for property improvements. Effective 01/01/2021.

Loan Guidelines

  • Maximum loan amount $25,000
  • Interest Rate 2%
  • Limit loan to 10 years
  • A lien shall be placed on the property by the HRA for the loan amount

Examples of Possible Projects

  • Additions
  • Remodels (Kitchen, bathroom, basement, etc)
  • Deck/patio
  • New garage
  • Update/Improve interiors

Income Limits

Household SizeIncome
1 Person$65,000
2 Person$75,000
3+ Person$85,000

Owner Responsibilities

  • Owner shall complete a program application
  • Property must be owner occupied
  • Property tax payments must be current or have an approved
  • payment plan with Mower County
  • Owner must have Homeowners Property and Liability Insurance
  • Either the Homeowner or Contractor is responsible for getting
  • the required Building Permit from the City of Austin.