Purchase/Rehab Subsidy Deferred Loans (Harrison Neighborhood)

Description: A 2% interest loan, between $5,000 and $15,000 is available to applicants purchasing or rehabbing a home in the Harrison neighborhood. There are no income limits and applicants need not be first time homebuyers. Loan funds must be matched on a 1:1 ratio and properties must be owner-occupied. Maximum repayment term is 5 years. Loan is forgiven at 20% per 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. Get more information here.

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

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