Deferred Loan Program (Holland neighborhood)

Description: A deferred loan for a maximum of $5,000 is available to owner-occupied houses with 4 or less units. Interior improvements to townhouses and condominiums are also eligible. The deferred loans are available by lottery only. The loan is forgiven after 15 years if the owner does not sell the property. If the owner sells the property before fifteen years, the owner pays back the loan. Loan borrowers must have an income less than 60% of the area median income for the City of Minneapolis to participate. Eligible improvements include, among others, doors, windows, retaining walls and garages.

For more information, contact:
HousingResource Center-Northeast
909 Main Street Northeast
Minneapolis, MN 55413
Phone: 612-378-7985
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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“Sheridan in the Northeast Minneapolis Arts District has a delightful cluster of restaurants, galleries, and other night life along 13th Avenue. It’s close to downtown by bus and walkable to the river. An all-volunteer neighborhood group keeps us connected, with the SNO Ball, Ice Cream SNOcial and other fun gatherings.”

-Margo
Sheridan neighborhood, Minneapolis

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