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.
Volunteer Program Restores a Beloved Family Home
Longtime St. Paul residents Larry and Beverly Halcomb recently found themselves caught in a predicament many homeowners come to dread: the need for immediate, extensive home repair. The need became more and more apparent even as the possibility of seeking financial help grew more and more slim, until the Halcombs happened to notice an advertisement in their community newsletter describing the requirements for A Brush With Kindness; Twin Cities Habitat for Humanity’s home restoration program that pairs low-income homeowners with volunteers.[read more]