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Historic Preservation Loan Program (CARAG neighborhood) PDF Print E-mail

Description:  This program is aimed at restoring and preserving homes in the CARAG neighborhood built before 1930. A 0% deferred loan, forgiven after 5 years is offered for this program, which is open to both owner-occupied and absentee owners to improve their homes' exteriors. The funding is divided into 2 loan "pools." The first loan pool has a maximum loan amount of $25,000 Qualified applicants who are above 100% of the area median income for Minneapolis are required to match NRP funds dollar-for-dollar. The second loan pool has a maximum loan amount of $10,000. Qualified applicants at or below 50% of the area median income are not required to provide a match. Workshops will be held prior to application deadline, providing potential applicants an opportunity to meet home restoration experts and architects to discuss ideas for the program.

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 joke with my friends that Seward is like NYC. There’s international cuisine, corner stores, a live music hot spot, a co-op, a clay center & gallery, a playwrights’ center, a gym, a bagel shop, and even a bowling alley…We border the Mississippi-who needs Central Park when you can jog along the river?”

- Matt
Seward neighborhood, Minneapolis

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