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Homeownership Fund

The Austin / Mower County Homeownership Fund (A/MCHF) was created in 1997 by area agencies and businesses to develop and promote homeownership programs, services, and information for people who live and work in Mower County.

Please contact your local real estate agent for more information regarding any of the programs or services listed.

Austin/Mower County Homeownership Fund c/o City of Austin
500 4th Avenue NE
Austin, MN 55912
(507) 437-9959

A/MCHF Joint Powers Board

The A/MCHF Joint Powers Board was formed by the City of Austin and Mower County in 1997. The board consists of individuals representing both private and public interests.

Down-Payment, Closing Cost, and Rehabilitation Assistance

Funds are available in the City of Austin and throughout Mower County that provide a 2% loan up to $6,000 to help cover down-payment and closing costs, or the rehabilitation necessary to purchase a home. Contact your local real estate agent, local lender, or Austin City Hall (507) 437-9959 regarding this funding.

Home Stretch Homebuyer Training Program

The A/MCHF requires potential homebuyers can attend homebuyer training workshops. These workshops cover all aspects of homeownership, including:

  • Financing Homeownership
  • Qualifying for Your Mortgage
  • Barriers to Homeownership
  • Shopping for a Home
  • The Purchase Process
  • Closing on Your Home
  • Life as a Homeowner

These workshops are offered by Semac and other area agencies.

Home Loan Programs

Local lenders and organizations such as Rural Development offer a variety of home loan mortgage programs for first-time homebuyers and income eligible families.

For more information contact local lenders or Rural Development at (507) 433-8429.

Funding Sources

The following agencies provided funding for the programs listed in this brochure. Without their support, these programs would not be possible:

  • The Minnesota Housing Finance Agency
  • The City of Austin
  • Mower County
  • The Initiative Fund
  • The Development Corporation of Austin
  • Family Connections
  • Hormel Foundation