Historic Preservation Loan Program (CARAG neighborhood)

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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“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

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