Home Ownership Fund
The Austin/Mower County Home Ownership Fund (Fund) was created jointly by the City of Austin and Mower County in March 1997 pursuant to Minnesota Statute Section 471.59. The purpose of this jointly governed organization is to establish and administer a flexible revolving loan fund that will provide home ownership opportunities to families in Mower County, Minnesota, with low and moderate income that are currently unable to purchase a home.
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 City Hall at (507) 437-9959 regarding this funding.
- Process
- Application
- Loan Criteria
- Lender and realtor checklist
- Borrower profile that lender fills out
| Board Members | ||
|---|---|---|
| Terri Stough | At-Large | 12/31/25 |
| Taggert Medgaarden | County resident | 12/31/26 |
| Jeff Austin | Council | 12/31/25 |
| Mike Ankeny | Commissioner | 12/31/25 |
| Dan Sparks | Commissioner | 12/31/24 |
| Steve Leif | Mower Co Lender | 12/31/26 |
| Paul Fischer | Council | 12/31/24 |
| Kris Heichel | Board of Realtors | 12/31/26 |
| Mary Lindgren | DCA | 12/31/24 |
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FINANCIAL STATEMENTS:
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| December 31, 2023 and 2022 Audit Report | ||||||||||||||||||||||||||||||
| December 31, 2020 and 2019 Audit Report | ||||||||||||||||||||||||||||||
| December 31, 2019 and 2018 Audit Report | ||||||||||||||||||||||||||||||