Hennepin County Home Buyer Assistance
Geographic Service Area:
Specific census tracts located within: Brooklyn Park, Brooklyn Center, Champlin, Maple Grove and Rogers/Hassen Township
The incentive assistance for households 81% to 120% of the AMI is $10,000.
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 eligible census tract.
Property must be vacant and foreclosed (lender owned).
Purchase price at or below $276,683 (120% AMI households).
Primary financing must be a prime, fixed rate first mortgage loan.
Contact 612-543-0046 or visit www.hennepin.us/hba for more information.
Staying in the Neighborhood
Living in an apartment on 24th Street in Minneapolis, Ahmed Yusuf became aware of some townhomes being built across the street. “I liked their physical appearance very much,” he said, “and I had the sense there were some sort of good people involved in building them.”[read more]