Preston Housing Incentives
The incentive may include energy savings, free utilities, Preston Bucks, golf club memberships,
Preston pool passes, waived permit fee, and Utility Connection fees.
If you would like to build a new home in Preston contact the Preston EDA at 507-765-2153 for more details.
Applications are limited based on EDA funding. Apply early!
Homeowner Incentives
2025 Homeowners Incentives Total Value of up to $1,610!
The purpose of this program is to act as a catalyst for the purchase of new construction of single-family homes within the corporate city limits of Preston. The Economic Development
Authority is committed to satisfying the housing needs of Preston. The Preston EDA realizes that adequate housing is a necessary tool to help foster a successful and growing community.
Eligible applicants include any individual or family who builds a “new” home within the corporate limits of Preston for the purposes of making it their primary residence. New construction homeowners can be an existing resident within the city limits. For the purposes of this program, “new home” means any single-family dwelling, including townhomes, (not including “mobile” homes) built after the date of adoption of this program. Commercial and non-profit organizations do not qualify as an individual or family.
Builder Incentives
2025 Buidlers Incentives Total Value of up to $11,700!
The purpose of this program is to act as a catalyst for building speculative and pre-sold houses/townhomes within the corporate city limits of Preston. The definition of pre-sold for this program is the builder has identified a buyer, the buyer is not yet under contract, and the builder carries the financial burden of completing the structure. The Economic Development Authority is committed to satisfying the housing needs of Preston. The Preston EDA realizes that adequate housing is a necessary tool to help foster a successful and growing community.
Eligible applicants include any builder who constructs a house/townhome within the corporate limits of Preston. For the purposes of this program, “new home” means any single-family dwelling, including townhomes, (not including “mobile” homes) built after the date of adoption of this program and specifically “spec” homes which have not yet been lived in or homesteaded.
Additional Builder Resources:
- Download the 2018 Preston Housing Needs Update.
- Visit the Livability page for more housing tools and information
- Read the Fillmore County 2019 Housing Needs Study