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Sheridan Deferred Loan Program (Sheridan neighborhood) PDF Print E-mail

Description:  A 0% interest matching deferred loan for a maximum of $5,000 and a term of 5 years is available. The repayment of the loan is forgiven after 5 years unless the owner transfers ownership of the property. If the owner transfers ownership before 5 years, a percentage of the loan must be repaid. All owner-occupied properties including homesteaded single-family, duplex, triplex or four-plex residential properties are eligible for the program, and there is no income limits for participants. The funds can be used to improve the interior and exterior of the home.

For more information, contact:
HousingResource Center-Northeast
909 Main Street Northeast
Minneapolis, MN 55413
Phone: 612-378-7985
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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Minneapolis and Saint Paul are ranked the #2 and #5 "Midsize Magnets" for 20-40 year olds. (Source: Next Cities-U.S., 2009-2010, Next Generation Consulting)

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