New Home Rebate Program

GET PAID CASH TO BUILD IN HARMONY!

 

In order to spur new construction and community growth, the Harmony Economic Development Authority (EDA) was authorized by the city council to provide a cash rebate incenting new housing stock and the number of living units within Harmony. The EDA will provide those building a new home or remodeling a dilapidated structure a cash rebate ranging from $1,500 to $20,000.

Spec/model homes qualify and there are no restrictions or limits on applicant's age, income level, or residency. 

Rebate amounts will be based on the final estimated taxable value of the new or renovated structure.  In most instances will be paid to the property owner once 100% of the exterior features are complete (roof, siding, soffits, windows, doors, etc…) or the final assessed value has been determined.  

For applicants under the renovation category, renovations must be of currently vacant or seriously dilapidated homes.  Rebates will not be awarded for projects such as finishing basements, kitchen remodels, or other home maintenance or improvement projects, as determined by the City.  

The rebate schedule is as follows:

Increased Taxable Value        Rebate Amount

$40,000 - $60,000                               $1,500

$60,001 - $80,000                               $2,000

$80,001 - $100,000                             $2,500

$100,001 – $125,000                          $3,200

$125,001 - $150,000                           $4,200

$150,001 - $175,000                           $5,400

$175,001 - $200,000                           $6,600

$200,001 - $225,000                           $7,800

$225,001 - $250,000                           $9,000

$250,001 - $275,000                           $10,250

$275,001 - $300,000                           $11,500

$300,001 - $325,000                           $12,750

$325,001 - $350,000                           $14,000

$350,001 - $375,000                           $15,250

$375,001 - $400,000                           $16,500

$400,001 - $450,000                           $17,750

$450,001 - $500,000                           $19,000

$500,001+                                           $20,000

This program will run until program funds are expended or until ended by the City. Applications will be taken on a first-come, first-serve basis.  The Harmony EDA looks forward to welcoming our new neighbors!

Please see the official program guidelines for eligibility requirements and other program details.  

Rebates must be claimed within 12 months of approval. 

For questions on the program or application, please contact the EDA at 507-886-2846.

 

 

TO APPLY: