Entry Cost Assistance Deferred Loan (Harrison neighborhood)

Description: Up to $4,000 is available to aid potential homebuyers with closing cost and/or down payment assistance. Loan has a 3% interest rate. Annual household income must be less than 75% of HUD median Family Income (see chart). Applicants need not be first time homebuyers. Owner-occupied, 1-4 unit residential structures located in the Harrison neighborhood are eligible, however; owner occupants of condominiums, town houses or co-operatively owned units are not eligible. Maximum repayment term is 5 years. Loan is forgiven 20% a year. If the borrower remains in their home for 5 years, maintains homestead status, and completes the required post-purchase counseling, the loan will be completely forgiven.

For more information, contact:

Brenda Yaritz
Center for Energy and Environment
212 3rd Avenue North, Suite 560
Minneapolis, MN 55401
Phone: 612-335-5891
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web: http://www.mncee.org/programs_residential/nrp/index.php

Add this page to your favorite Social Bookmarking websites

"In the summer, you can see the stars and hear crickets at night! We spend lots of time outside, exploring the bluffs with our 2 young children and dog. There is a wonderful cross-section of young and old; families and singles and the area is racially vibrant. We LOVE our neighborhood."

-Paige
West Side neighborhood, Saint Paul

Submit your testimonial

Subscribe to Newsletter