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Wells Homeowner Housing Rehab Forgivable Loan Program (SCDP)
Homeowner Interest Survey SCDP 2027
Due November 18th, 2026

The City of Wells is working with Minnesota Valley Action Council and the Region Nine Development Commission to apply for a Small Cities Development Program (SCDP) grant. The SCDP program can pay for rehabilitation work of up to $25,000. Funds are given as a no-interest, forgivable loan (grant). Part of the loan is forgiven each year for the duration of the grant. Additional grants and loans are available based on income, and the program will help homeowners identify these resources for owner-matching funds or if projects go over $25,000.

These grants are often structured as a 10-year forgivable loan. This means if you live in your home for 10 years, the loan would be forgiven. If you sell the home during the loan period, you would be asked to pay back some or all of the grant, depending on how the program is designed. The length of the grant/loan could be as short as 7 years.

To apply, the city must show interest and a need in the community. If the grant application is selected, the program will be available to homeowners starting in summer or fall of 2028.

Completing this survey does not guarantee funding.

Eligibility and Examples

SINGLE FAMILY HOMEOWNERS: Refer to the charts for eligible income levels. If you are eligible, complete the rest of the survey.

SINGLE FAMILY OWNER-OCCUPIED: 80% or less of Area Median Income

2026 HUD Income Limits for Faribault County
80% Income Limits
1 Person Household - less than $54,901
2 Person Household - less than $62,751
3 Person Household - less than $70,601
4 Person Household - less than $78,401
5 Person Household - less than $84,701
6 Person Household - less than $90,951
7 Person Household - less than $97,251
8 Person Household - less than $103,501

Possible match requirement:
If you are above 30% of AMI, you will need to apply for a Fix-up Loan through MVAC. Because of the stringent requirements of the loan program, many homes won't need to provide a match. If you are deemed eligible for the loan program, you must provide a 30% match for your rehabilitation project. For example, this could be a $7,500 low-interest loan from MVAC with a $25,000 grant through the program.

1.Please indicate your level of interest in this program(Required.)

I’m mildly interested

I’m interested but I need more info

I’m very interested and think I will use the program

I’m ready to use the program in 2028 on my property.

2.How many people live in your household full-time?(Required.)

3.What was your approximate gross household income in 2025 (or 2026)?(Required.)

5.Tell us more about the improvements to you want to make to your home with SCDP funds:(Required.)

6.Check all that apply:(Required.)

I own my home

I rent my home

Other (please specify)

7.Year built or approximate age of home(Required.)

8.Comments:(Required.)

Household Information

9.Full Name(Required.)

10.Address(Required.)

11.Are you a veteran?(Required.)

Yes

None of the above

12.Are you a city official?(Required.)

Yes

13.Mailing Address if different from above

14.Have you had a previous SCDP Grant?(Required.)

Yes

Signature
IMPORTANT: The signed form does not commit you to the program and does not guarantee funding; it is simply an indication of interest that builds support for the application. If you sign the form your name will be placed on a priority list to receive more information if funds are awarded.

15.I understand that (all boxes must be checked):(Required.)

SCDP funds are limited, competitive, and may not be awarded.

Participants in the program must be income-qualified. The field administrator will do the verification in the full application packet.

Being placed on a priority list does not guarantee funding.

If the grant is awarded, funds are limited. Applicants will be prioritized by filling out this survey on a first-come, first-serve basis and to be considered must complete a full application packet.

Homes must have needs that go beyond basic maintenance and will be inspected as part of the program.

There will be a deferred loan (lien) placed upon the home for the SCDP funding for seven (7) years. If the home is sold or changes owners in that time, the remaining un-forgiven loan must be paid back to the city.

The rehabilitation must be coordinated through the field administrator for the project, and competitive bids must be received for the work. Any improvements/work done before coordinating with the site administrator will NOT be eligible for SCDP funding.

The home must be occupied. No vacant households will be rehabilitated with SCDP funds.

Information about additional programs that provide assistance for eligible homeowners will also be provided.

16.Type in your name as an electronic signature.

NOTE: The typed name constitutes a legal signature and all parties undersigned must agree to the following statement: "We certify that the information contained in this survey and its attachments is true and correct to the best of our knowledge."(Required.)

17.In addition, by checking the box below, you are agreeing to this statement:(Required.)

After reviewing the above information, including the proposed financing package, I am interested in participating in this program.

Thank you. Your name will be placed on a list of interested parties showing a strong interest in a SCDP program and support for the application. If grant funds are awarded to the city, you will be contacted for more information about how to apply for project funding.
This survey is being conducted the by the Region Nine Development Commission who is writing this grant. Any questions regarding this survey or the grant application please contact:
Sabri Fair (507) 389 - 8886 or at sabri@rndc.org