Hennepin County Home Buyer Assistance
Geographic Service Area:
Target areas are specific census tracts located within the cities: Brooklyn Park, Brooklyn Center, Champlin, Maple Grove, and Rogers/Hassen Township.
Households at or below 80% AMI may qualify for affordability assistance up to $20,000.
The assistance will be in the form of a forgivable, deferred (no monthly payments), 0% interest loan with a term of five or ten years depending upon how much assistance is recieved.
Eligible Properties are single family housing (detached, townhomes, condos) to be occupied as a principal place of residence located within an eligable census tract.
Property must be vacant and foreclosed (lender owned).
Purchase price at or below $200,000 (80%AMI households).
Primary financing must be a prime, fixed rate first mortgage loan.
Call 612-543-0046 or visit www.hennepin.us/hba for more information.
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