Community Funds

Grants

Brooklyn Center - ReNew Buyer Incentive Program

The City of Brooklyn Center's ReNew Home Purchase program is getting foreclosed, vacant homes reoccupied with responsible, informed homeowners.  The program is designed for people who can afford to purchase and maintain a home, along with managing the responsibilities of home ownership.

The ReNew Loan is a downpayment and closing cost assistance program for eligible buyers.  This loan offers up to $10,000 zero-percent interest loan, and the loan is forgiven after five years if the buyer has homesteaded and lived in the home continually during that time.  Several types of approved loans may be used for this program if all criterial are met, such as a conventional loan, purchase rehabilitation loan (I.e. FHA 203K), etc.

The ReNew Grant is a down payment and closing cost assistance program for eligible buyers. The program offers a 3.5% grant up to $7,000 with the use of an approved rehabilitation loan, such as a FHA 203K loan.  A minimum $15,000 of approved home improvements (repairs, remodels, additions) must be made to the home. Qualified contractors and permits will be required as applicable. This grant does not have to be paid back if all the conditions are met. 

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Columbia Heights Improvement Rebate Program

The Rehab Incentive Program provides a cash rebate to homeowners who complete home improvement projects. Homeowners must apply and sign a participation agreement for the rebate before any work begins or materials are purchased. Any projects started or materials purchased before an application is submitted will not be eligible for the rebate. The rebate amount is calculated as a percentage of eligible rehabilitation costs. Homeowners with incomes at or below 115% of the area median income, are eligible to receive a 10%, 12% or 15% rebate depending on income. The maximum rebate amount is $3,000 per household.

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Oakdale Green Building Program

The City of Oakdale has made "a promise to our next generation" in creating a green building program for businesses called Generation Green. Promotional literature notes that "the energy crisis in California is an indication of how beneficial early conservation measures can be for the community." A 15% reduction in building permit fees will be awarded to businesses participating in Generation Green. New and existing businesses are encouraged to participate in the program and will be recognized in city media and by the mayor and city council for their efforts. Generation Green details and sign-up forms may be picked up in the Building and Development-Planning-Redevelopment Department at Oakdale City Hall, or obtained by calling Oakdale Building Projects at 651/739-5150. See also the web site below (click on the "Generation Green" tab toward the top of the page).

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North St. Paul Energy Rebate Programs

The City of North St. Paul accepts residential rebate applications for the following: Appliance, Central AC, Lighting Retrofit, Motor Efficiency, Q.I. Central AC, Residential CFL Lighting and Variable Frequency Drive. The CFL Lighting Rebate program is for residential customers receiving electric service from a local municipal electric utility that is a participating member of the Minnesota Municipal Power Agency (MMPA). Residents are eligible for rebates when they purchase qualified CLF bulbs in single or multi-packs and install them in a home that receives electric service from that local municipal utility. *Forms are also available at City Hall: 2400 Margaret Street, North St. Paul MN 55109 651.747.2400.

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Falcon Heights Rebates for Energy Star Products

The City of Falcon Heights provides rebates for home improvements that meet Energy Star guidelines. 

In order to promote a cleaner environment, the City of Falcon Heights encourages residents to purchase      
energy efficient appliances and materials when investing in home improvements.  This program will help the 
City meet our carbon emission-reducing goals under the Mayor’s Kyoto Protocol.  The chart below denotes 
what incentives are available to homeowners: 
1  
Either the 2001 Supplement of the 2000 International Energy  
 Conservation Code or the 2004  Supplement of the 2003 International 
Energy Conservation Code 
Energy Efficiency Ratio 
Seasonal Energy Efficiency Ratio
4  Annual Fuel Utilization Efficiency 
Product Category Qualifying  
Specifications
City Incentive
Exterior Windows 
and Skylights 
Energy Star qualified 
or meet IECC1
Reimbursement of 
50% of permit fee 
Central Air 
Conditioning 
Split Systems: 
EER2
 >= 12.5 
SEER3
 >= 15 
  
Package Systems: 
EER >= 12 
SEER >= 14 
Reimbursement of 
50% of permit fee 
Furnace or Boilers AFUE4
 >= 95  Reimbursement of 
50% of permit fee 
Water Heaters Gas: 
Energy Factor >= .80 
  
Electric: 
Energy Factor >= 2.0 
Reimbursement of 
50% of permit fee

In order to promote a cleaner environment, the City of Falcon Heights encourages residents to purchaseenergy efficient appliances and materials when investing in home improvements. This program will help the City meet our carbon emission-reducing goals under the Mayor’s Kyoto Protocol.

Products included:

Exterior Windows and Skylights

Central Air Conditioning

Furnace or Boilers

Gas and Electric Water Heaters

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Mounds View Business Improvement Partnership Loan

A Business Improvement Partnership Loan available to businesses that have been located in Mounds View for at least two years.    The loan can be used for exterior and interior improvements at a minimum of $10,000 and a maximum of $50,000. The Mounds View EDA participates in the loan by providing ½ the loan amount at a 2% interest rate.

 

Contact: 

Heidi Steinmetz

Economic Development Specialist

763-717-4029

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Plymouth Seniors Small Repair Grant Program

Small Repair Grant Program limited to income eligible seniors (55 years old or greater) for up to $5,000 to go toward necessary repairs such as failing water heaters, furnaces, roof repairs and emergency plumbing issues.

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Hopkins Housing Rehab Loans & Grants

The City of Hopkins provides funding to assist low and moderate income homeowners in improving their homes.

To qualify for a loan or grant the following requirements are necessary:

Must be a Hopkins' homeowner residing in the property to be improved.

Must not exceed the income limits as listed below.

Must have equity in the property equal to or greater than the loan or grant amount.

    Income Limits (effective 5/14/10)
    Number in Household Grant Half Loan
    One $29,400 $37,250 $45,100
    Two $33,600 $42,575 $51,550
    Three $37,800 $47,900 $58,000
    Four $42,000 $53,200 $64,400
    Five $45,400 $57,500 $69,600
    Six $48,750 $61,750 $74,750
    Seven $52,100 $66,000 $79,900
    Eight $55,450 $70,250 $85,050

    Terms

    The maximum grant or loan is $25,000. The grant/loan is filed as a second mortgage on the property and is not assumable upon the sale of the home.

    Loans are offered at 3% interest over a 12-year period. Grants do not require repayment, provided the homeowner lives in the home for ten years after the work is completed.

    Eligible improvements

    Improvements must be permanent. Such improvements include alteration or repairs to the property which correct defects or deficiencies in the property that affect the safety and habitability of the home. Work can also include upgrading the home's energy efficiency. Examples of eligible improvements include:

    furnaces

    roofs

    windows

    electrical

    hot water heaters

    structural repair

    plumbing

    insulation

    The program is funded through the Community Development Block Grant program under the Department of Housing and Urban Development.

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Crystal Home Rehab Grant Program

Rehab Incentive Program:
Depending on income, homeowners can qualify for a 15%, 20% or 25% rebate on the total cost of home improvement projects. Household income cannot exceed $100,680 (this figure changes annually). Maximum rebate is $10,000 per calendar year per household.

Last Resort:
For emergency repairs. Household income must be 50% AMI or less. $3,000 grant. Construction Manager's evaluation required.

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Minneapolis - Bryant Neighborhood Deferred Loan

A 0% interest loan for a maximum loan of $6,000.00. Minimum loan amount is $2,000.00. Loan term is 10 years. If property ownership is retained for full 10-year loan term, the loan will be 100% forgiven. Homeowners must have an annual household income of less than 50% of the Area Median Income

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Minneapolis - McKinley Neighborhood Grants and Loans

Homebuyer Assistance:
Downpayment and closing cost assistance for buyers in McKinley, $4,000 forgiven after 5 years. Need not be a first time homebuyer.

Community Fix up Fund: 
Loans up to $35,000 at a lower interest rate, payable over 20 years. Fees and prepayment penalties apply. Household income must be less than $93,100. For North Mpls only.

North/Northeast Code Abatement: 
Deferred loan of $20,000 to address exterior code citations from the City of Minneapolis. Household income must be less than 60% area median income.

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Minneapolis - Sheridan Neighborhood Grants and Loans

Sheridan Absentee-owned Revolving Loan Program:
A 4% interest loan up to $10,000 for properties with up to four units is available. The maximum term of the loan is 10 years. There is no income limit to participate. Eligible home improvement projects include interior and exterior work, such as painting, electrical, porches, sidewalks and driveways.

Sheridan Business Revolving Loan Program:
A 0% interest loan for a maximum of $10,000 and a term of 10 years is available to business and commercial property owners. Loan borrowers can use the funds to improve the exterior of their property.

Sheridan Homebuyer Assistance Program:
A homebuyer in the Sheridan neighborhood can get $5,000 deferred loan to be used toward purchasing their home. The homebuyer must remain in the home for 6 years for the loan amount to be forgiven, and the homebuyer must earn less than 80% of the area median income.

Sheridan Owner-occupied Revolving Loan Program:
A 4% interest loan up to $15,000 for properties with up to four units is available. The maximum term of the loan is 10 years. There is no income limit to participate. Eligible home improvement projects include interior and exterior work, such as painting, electrical, porches, sidewalks and driveways

Minneapolis - Ventura Village Neighborhood Grants and Loans

Homestead Matching Grant Program:
A grant up to $12,000.00 is available for improving exterior and interior plumbing/electrical, heating/cooling, handicap accessibility, maintenance and energy costs of homes and garages. Properties with no more than four dwellings are eligible. There is no income restriction although applicants with a family income greater than 50% of the Minneapolis median income must match their grant on a one-to-one ratio. The grant covers exterior rehabilitation projects on homes or existing garages.

Homebuyer Program:
Up to $5,000.00 available for down payment/closing costs. Eligible properties must be in the Ventura Village neighborhood. Properties must be owner occupied. Program can be used in conjunction with other MHFA programs such as CASA, HAF, ECHO, MMP, etc. No income limit.

Carriage House Grant Program:
A grant up to $20,000 per dwelling unit is available to finance the creation of a carriage house. A carriage house is a separate, detached structure that contains both an at-grade car garage and at least one totally independent dwelling unit of which part or the entire dwelling unit is above the garage. There is no income limit for the program

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Minneapolis - Victory Neighborhood Grant and Loan Program

Emergency Deferred Loan Program
A 0% interest loan for a maximum of $3,000 is available to homesteaded and owner-occupied single-family dwellings. The loan provides financial assistance to homeowners who are in financial hardship and have serious home repair issues that must be addressed. The loan will be forgiven after 5 years unless the owner sells and/or moves off the property. If the owner does move or sell, a percentage of the loan must be repaid. To qualify for the loan, borrowers must earn at or below 50% of the area median income.

Revolving Loan Program
The program is currently closed. Victory will be starting a new program very soon. Contact the Housing Resource Center northwest 612-588-3033 to add your name to the mailing list for when information becomes available.

Business Matching Grant
Matching grant of up to $5,000 for exterior improvements with an additional $3,000 matching for coordinated fa�ade improvements with three or more businesses

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Mounds View Housing Replacement Program

    Demolition Assistance:

This program provides financial assistance to cover the cost of demolishing substandard or blighted property with an agreement that it will be replaced within a specified time frame with a new home that meets certain minimum design standards and area requirements. Properties meeting funding criteria may receive assistance up to $10,000 in the form of a ten-year forgivable interest- free loan, with a 10% reduction in principal each year.

 

    Acquisition:

This option involves the purchase of substandard single-family home and land by the City of Mounds View Economic Development Authority (EDA) from a willing seller. The EDA will coordinate the site clearance and market the site to a developer/owner with an agreement that a new home would be constructed within a specified time frame that meets certain minimum design standards and area requirements.

Robbinsdale Rehab Incentive Program

Depending on household income, applicant can qualify for a 10% 12% or 15% rebate on total project cost. Household income must be less than 110% AMI, Maximum rebate is $3,000 per calendar year per household.

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Home Repair for the Physically Challenged

Hearts & Hammers provides exterior painting and home repair for qualifying senior and physically disabled homeowners throughout the Twin Cities.  To qualify for assistance, homeowners must meet the following quidelines: 

  1) You must own and occupy your home

  2) Your home must be a single family residence

  3) You plan on living in your home for at least 2 years

  4) Your home has a siding material that can be painted

  5) Your home requires significant exterior painting

  6) You are physically unable to care for the exterior of your home

  7) You annual income does not exceed the limits set forth by Hearts & Hammers

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Loans

Eden Prairie Housing Rehabilitation Loan Program

Loans of up to $25,000 are available to Eden Prairie homeowners. There are no monthly payments. Repayment occurs when the home is sold or after 30 years, whichever occurs first. Interest is charged at a simple 5 percent for the first 10 years.

All homes built before 1978 will be required to have a Lead Risk Assessment. All lead-contaminated surfaces must be addressed as part of the Home Improvement Loan Project.

These loans are offered in an effort to help maintain the condition of housing and neighborhoods in the city. Applications will be processed in the order they are received.


Eligible repairs

  • Replacement of roofs, electrical, heating and plumbing systems
  • Cabinets, countertops, and flooring
  • Gutters, windows, doors, insulation, siding
  • Exterior painting
  • Driveways, foundation, sidewalk and step repairs

 

Ineligible repairs

  • Decorating
  • Additions
  • Finishing of basements
  • Construction of garages
  • Reimbursement for previously started or completed repairs

 

Application guidelines

To qualify for a Deferred Housing Rehabilitation Loan, the homeowner must have sufficient equity in their home to cover the loan amount and they must meet the current HUD 80% income limits.

Household Size**

Combined Income Limit

1

$45,100

2

$51,550

3

$58,000

4

$64,400

5

$69,600

6

$74,750

                                                **All residents of house, related and unrelated, including renters.

 

Brooklyn Center - ReNew Buyer Incentive Program

The City of Brooklyn Center's ReNew Home Purchase program is getting foreclosed, vacant homes reoccupied with responsible, informed homeowners.  The program is designed for people who can afford to purchase and maintain a home, along with managing the responsibilities of home ownership.

The ReNew Loan is a downpayment and closing cost assistance program for eligible buyers.  This loan offers up to $10,000 zero-percent interest loan, and the loan is forgiven after five years if the buyer has homesteaded and lived in the home continually during that time.  Several types of approved loans may be used for this program if all criterial are met, such as a conventional loan, purchase rehabilitation loan (I.e. FHA 203K), etc.

The ReNew Grant is a down payment and closing cost assistance program for eligible buyers. The program offers a 3.5% grant up to $7,000 with the use of an approved rehabilitation loan, such as a FHA 203K loan.  A minimum $15,000 of approved home improvements (repairs, remodels, additions) must be made to the home. Qualified contractors and permits will be required as applicable. This grant does not have to be paid back if all the conditions are met. 

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Frogtown St. Paul Facelift Fund

Frogtown Facelift Loan Program helps homeowners who may not otherwise qualify for credit obtain funds needed for critical home repairs, and other home improvements. Families must be at 80% or less of median income. The maximum loan amount is $30,000. 1/3 of the loan is repaid at 5% over a maximum of 12 years, 1/3 is due on sale of the home, and 1/3 is forgiven over a 5 year period. 

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First Time Home Buyers - Down Payment Loan: St. Paul and Minneapolis

CityLiving is a program sponsored by the Cities of Minneapolis and Saint Paul that provides mortgage financing and also offers special assistance for down payment and closing cost. The program is restricted to first-time homebuyers (which means they have not owned the house they have lived in over the past three years), unless the house is located in a target area or unless one of the borrowers is qualified veteran. The Downpayment Assistance Loan will be in the amount of 2% of the amount of the first mortgage.

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Columbia Heights Single Family Deferred Loan Program

Properties must be located within the City of Columbia Heights. Owner occupied single family homes, duplexes and townhomes are eligible. Eligible homeowners must have incomes at or below 80% of the area median income. This loan is a dollar for dollar matching deferred loan for up to $7,500. Only exterior improvements are eligible. The loan will be repaid with 2% interest upon sale of the property or title transfer.

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Fridley Residential Revolving Loan Fund

Revolving Loan Fund

This program offers loans up to $35,000 at 5%*. Maximum repayment term is 20 years. The program is available to any homeowner with an annual income of less than 115% of the AMI. For details on these income restrictions go to www.mncee.org. Some credit restrictions also apply. Loans can be used to improve owner-occupied properties with up to four units and are funded through the Fridley HRA. Other CEE programs can also be used in conjunction with this program.

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Mounds View Business Improvement Partnership Loan

A Business Improvement Partnership Loan available to businesses that have been located in Mounds View for at least two years.    The loan can be used for exterior and interior improvements at a minimum of $10,000 and a maximum of $50,000. The Mounds View EDA participates in the loan by providing ½ the loan amount at a 2% interest rate.

 

Contact: 

Heidi Steinmetz

Economic Development Specialist

763-717-4029

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Plymouth Rehabilitation Loan Program

Rehabilitation Loan Program is limited to income eligible applicants for up to $30,000 to go toward eligible home improvements. The loan is a 20-year, zero interest, zero payment deferred loan with a lien placed against the subject property for the life of the loan. The full amount of the loan is required to be paid back if the property owner decides to sell or rent out the home within the first ten years. From years 11 to 20 the amount that is required to be paid back decreases by 10 percent each year and is ultimately forgiven after the 20th year.

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Woodbury Goes Green Loan

The objective of the Woodbury Goes Green Loan Program is to encourage sustainable and energy-efficient green building practices in the City of Woodbury. Low-interest loans of up to $5,000 are available to qualified families who earn no more than 115 percent of the area median income, capped at $90,000 per household. Eligible improvements include new high-efficiency furnaces or water heaters, improved insulation, new windows with better insulation and efficiency than existing windows and other improvements as pre-approved by the City of Woodbury Housing and Redevelopment Authority. This program may be combined with the Woodbury Home Improvement Fund if applicant households meet the criteria of both programs.

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Coon Rapids Commercial Fix-Up Loan

The City of Coon Rapids offers financing for exterior improvements to commercial properties in the City’s established business districts.

Who is eligible? Owners of commercial or office properties along Coon Rapids Boulevard and Foley-Northdale commercial district.

What can the funds be used for? Exterior building improvements, such as additions, windows, awnings, signs, masonry repairs, artwork, and exterior finishes. Site improvements, such as parking lots, signs, trash enclosures, fences, and landscaping.

Maximum Loan Amount: $50,000

Term: 10 years

Interest Rate: 3%

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St. Louis Park Townhome & Condo Rehab Loans

Townhome and condominium associations that need help financing improvements to common areas, can petition the City of St. Louis Park to create a Housing Improvement Area (HIA). The association must show that it is unable to obtain a loan through conventional sources. The HIA enables the city to provide a low interest loan that is repaid over a 10-to-15-year period via fees paid by the homeowners with their real estate taxes. For assistance, contact Kathy Larsen, Housing Programs Coordinator at (952) 924-2196 klarsen@stlouispark.org.

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St. Paul - 0% Energy Improvement Loans

The Neighborhood Development Alliance has limited funds available to St. Paul residents to make energy improvements to their homes (increased insulation, new furnaces, etc). Loans of up to $10,000 are available. The loan is 0% interest, due on sale or transfer of title. The home must be a year-round owner-occupied home and income restrictions apply. Participation in an energy usage study is required.

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Anoka County Housing Rehabilitation 0% Deferred Loan

This zero interest deferred loan is available to owner-occupied, single family properties in Anoka County. Eligible properties must be at least 15 years old and meet the estimated market value limit. Maximum deferred loan amount is $15,000 for basic repairs to the home that meet minimum housing quality standards. Repayment of the loan is deferred until sale of the property, transfer of title or, in some cases when the mortgage is refinanced. Income limits and other criteria apply.

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East Side St. Paul Rehab Loan Fund

The Eastside Revolving Loan Fund program is administered by Dayton's Bluff Neighborhood Housing Services and available to households whose gross income from all sources is 80% or less of the median income for the Twin Cities metropolitan area. See income limits table below. Sources include wages, assistance, pensions, etc. The amount is adjusted for family size and is changed annually to reflect current income levels. Income limits for the MHFA Rehab Loan program are set by the Minnesota Housing Finance Agency, who provide funding for this program. Household income limits apply.

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MHFA Fix Up Fund Loan

This is a home improvement loan for up to $35,000 with a maximum term of 20 years. The interest rate is fixed for the term of the loan. Contact the HousingResource Center™ for the current interest rate. The Fix up Fund loan is available to credit worthy owner-occupied homes that are one to four units. To qualify for the loan gross household income cannot exceeed $96,600. Most improvements qualify except for luxury items such as swimming pools.

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Minnesota Rental Property Loans -MHFA

Maximum loan up to $100,000 to finance rental property. ($25,000 for a single-family home or duplex; $10,000 per unit in a multiple-unit dwelling.) Interest rate is 6% for up to 15 years.

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Hopkins Housing Rehab Loans & Grants

The City of Hopkins provides funding to assist low and moderate income homeowners in improving their homes.

To qualify for a loan or grant the following requirements are necessary:

Must be a Hopkins' homeowner residing in the property to be improved.

Must not exceed the income limits as listed below.

Must have equity in the property equal to or greater than the loan or grant amount.

    Income Limits (effective 5/14/10)
    Number in Household Grant Half Loan
    One $29,400 $37,250 $45,100
    Two $33,600 $42,575 $51,550
    Three $37,800 $47,900 $58,000
    Four $42,000 $53,200 $64,400
    Five $45,400 $57,500 $69,600
    Six $48,750 $61,750 $74,750
    Seven $52,100 $66,000 $79,900
    Eight $55,450 $70,250 $85,050

    Terms

    The maximum grant or loan is $25,000. The grant/loan is filed as a second mortgage on the property and is not assumable upon the sale of the home.

    Loans are offered at 3% interest over a 12-year period. Grants do not require repayment, provided the homeowner lives in the home for ten years after the work is completed.

    Eligible improvements

    Improvements must be permanent. Such improvements include alteration or repairs to the property which correct defects or deficiencies in the property that affect the safety and habitability of the home. Work can also include upgrading the home's energy efficiency. Examples of eligible improvements include:

    furnaces

    roofs

    windows

    electrical

    hot water heaters

    structural repair

    plumbing

    insulation

    The program is funded through the Community Development Block Grant program under the Department of Housing and Urban Development.

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Coon Rapids Housing Rehabilitation Loan Pro

This zero interest deferred loan is available to owner-occupied, single family properties in Coon Rapids. Maximum deferred loan amount is $20,000 for home improvements necessary to meet minimum housing quality standards. Eligible properties must be at least 15 years old and meet the estimated market value limit. Repayment of the entire loan is deferred until sale of the property, transfer of title or in some cases when the mortgage is refinanced. Eligible households must be at or below 80% of the area median income.

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Crystal Downpayment Assistance Program

Homebuyers that are purchasing a vacant single-family detached home using an FHA 203K purchase-rehab loan can qualify for a forgivable no-interest loan for down payment and closing costs. The maximum loan is 3% of the acquisition costs (purchase price plus rehab costs) up to $5,000.

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Minneapolis Basic Home Improvement Loan

You must live in your home, whether it's a single-family home or a rental property with 4 units or less. Maximum loan of $25,000, depending upon your affordability and amount of equity in your home. This program has an interest rate of 1% and is available to homeowners with some credit issues.

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