Growing Affordable Inclusive Neighborhoods Program Description
The Olmsted County Growing Affordable Inclusive Neighborhoods (GAIN) program provides a forgivable, 0% interest down payment assistance loan to households in Olmsted County. Completed applications will be processed and reviewed in the order they are received. Assistance through the GAIN program is dependent on the availability of funding.
The Rochester-Olmsted County 4(d) Affordable Housing Incentive Program helps rental property owners obtain property tax reductions while preserving affordable housing for income-qualified renters in our community.
On average, the yearly property tax reduction is between $300 to $600 per unit included in the program. Properties taxed under the 4(d) classification are at the 0.75% rate which is approximately a 40% reduction from the general multifamily housing tax rate classification of 1.25%.
Empowering Connections and Housing Outreach (ECHO) Center
People struggling with homelessness and other housing needs have another option for help in Olmsted County.
The Housing Stability Team of Olmsted County opened a satellite office called the Empowering Connections and Housing Outreach (ECHO) Center. The office is located at 206 4th Street SE in Rochester, next to the Rochester Community Warming Center.
In an effort to protect our clients and prevent the spread of COVID-19, Olmsted County HRA will not be accepting visitors or in-person meetings at its offices until further notice.
