[DEV] Live Minneapolis - Saint Paul

Home Ownership Made Easy (HOME) Program

Description:  The HOME program is available only to current Minneapolis public housing residents and/or Section 8 participants seeking to move into homeownership.  When families are prepared to buy a house, they will be put in contact with a) a participating lender to apply for a mortgage loan offering competitive or lower than market interest rates and b) a trained member of the Minneapolis Area Association of REALTORS® to begin looking for their home. Participants are required to make a certain percentage of the down payment with their own funds, with HOME providing a loan to assist with the down payment. This loan will be repaid (with interest) once the home is resold in the future. If a prospective family is unable to come up with the full down payment, they may qualify for a down payment grant from the HOME Program - to be paid back through volunteer work in their community. Families may also receive interest-free, closing-cost loans which will be required to be paid back once their home is resold in the future. 

For more information, contact:
Jan Hughes, Public Housing Manager
Minneapolis Public Housing Authority
1001 Washington Avenue North
Minneapolis, MN 55401
Phone: 612-342-1229
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web: http://www.mphaonline.org/familyho.cfm

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