Skip to main content (Press Enter)

Top bar menu

  • Accessibility
  • Contact Us
  • Maps & Directions

Main navigation

  • Residents
    • Services for Individuals & Families
    • Elections & Voting
    • Garbage & Recycling
    • Land & Property
    • Licensing, Permits, & Records
    • Parks & Recreation
    • Public Safety & Law Enforcement
    • Roads & Transportation
    • Soil & Water Resources
    • Community Calendar
    • Image consent form
  • Business
    • Become a County Vendor
    • Building, Planning, & GIS
    • Business Licensing & Permits
    • Commercial Garbage & Recycling
    • Surveying
  • Government
    • About Olmsted County
    • Jobs & Internships
    • Boards & Commissions
    • County Departments
    • Ordinances & Codes
    • Volunteer Opportunities
    • County News & Events

I want to navigation in header

  • I Want To
    • Apply
    • Pay
    • Obtain
    • Report
    • Subscribe
    • Visit

Footer navigation in header

  • Maps & Directions
  • Contact Us
  • Accessibility

Olmsted County G.A.I.N. (GROWING AFFORDABLE INCLUSIVE NEIGHBORHOODS) PROGRAM

Constructing a new home

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.

Application Process


Buyers should apply for GAIN down payment assistance once they have a signed contract with a builder or have executed a purchase agreement for new construction. Eligibility will be determined upon receipt of the completed and signed GAIN application and all requested supporting documentation.

 

Eligible Households

Households eligible for the GAIN program must have a gross annual income of less than 80% of the area median income (AMI), as set by the U.S. Department of Housing and Urban Development (HUD), adjusted for household size. All sources of income must be reported for all household members even if they are not on the mortgage.

Olmsted County 80% AMI Effective June 15, 2022
1 person 2 person 3 person 4 person 5 person 6 person 7 person
$32,767 $69,644 $79,734 $102,806 $97,136 $103,016 $55,991

 

Eligible Properties

The property must be located within Olmsted County and be an owner-occupied homesteaded residence. Eligible properties include single-family homes, duplexes, modular, and manufactured homes. The anticipated cost to construct the residence must not exceed $300,000.

 

Application Requirements

Complete all pages of the application and provide the requested information for all household members that will consider the property their primary residence. The following is a list of required documents needed in order to determine program eligibility and guarantee funding.

  • Completed GAIN program application
  • Affidavit from the builder certifying construction costs to not exceed $300,000 or an executed purchase agreement for new construction
  • Copies of 4 weeks of current paystubs and/or other proof of earned and unearned income for all household members over the age of 18

 

 

This item appears in

  • Housing

Share this page

Email Dave Dunn

Main navigation in footer

  • Residents
  • Business
  • Government

I want to navigation in footer

  • I Want To
    • Apply
    • Pay
    • Obtain
    • Report
    • Subscribe
    • Visit

Social media links

  • Facebook
  • Instagram
  • LinkedIN
  • TikTok
  • Twitter
  • YouTube
  • nextdoor

Sub navigation in footer

  • Maps & Directions
  • Contact Us
  • Accessibility

Bottom bar footer

  • Salary Compliance
  • Privacy Policy and Disclaimer
  • Comprehensive Civil Rights Plan
  • HIPAA Notice of Privacy Practices
  • Greater Minnesota Transportation Sales and Use Tax
  • Posting on website policy

Copyright © 2023 Olmsted County, Minnesota