1-3 Matching Deferred Loan Program (CARAG neighborhood)

Description: A 0% interest loan for a maximum of $4,000 is available to improve home exteriors in dwellings of 3 units or less. The loan borrower must match the loan dollar-for-dollar with their own money. Each year the owner lives in the property 20% of the loan will be forgiven. The loan will be entirely forgiven on the 5-year anniversary of the loan's closing date. The homes can be owner-occupied or absentee-owned. There is no income restriction on participating in the program, and eligible projects include repairing doors, replacing windows or installing security lighting.

For more information, contact:
HousingResource Center-Southside
3749 Cedar Avenue South
Minneapolis, MN 55407
Phone: 612-722-7141
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web: http://www.housingresourcecenter.org/

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“I love the proximity to light rail, Lake Street and Minnehaha Falls. I am 15-20 minutes from anything in the Metro area. The homes are well cared for and the neighbors are active and very nice. I feel good about raising my family here.”

- Jeremy
Standish neighborhood, Minneapolis

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