Minneapolis Advantage Program
Geographic Service Area:
Targeted Minneapolis Neighborhoods
Income Limit:
Program Details:
Up to $20,000 for closing costs, down payment, or minor repairs
Must be used to purchase a foreclosed home in target neighborhoods
Like many cities across this nation, Minneapolis has experienced foreclosures and the effects of vacant homes in our neighborhoods. The City of Minneapolis created the Minneapolis Advantage Program to help potential buyers purchase a home in areas challenged by foreclosure and bring people back on the blocks. In 2012, the program offers about 25 loans that can be used to pay for closing costs, down payment, or even small repairs to the home.
Funding is limited and income eligibility requirements apply. Loans will be given on a first come, first serve basis and are for purchasing homes in eligible neighborhoods.
For more information
Contact the Greater Metropolitan Housing Corporation or call 612-588-3033.
Listings that qualify for this program:
| Title | City | Price | Property Type | |
|---|---|---|---|---|
 |
3406 James Avenue North | Minneapolis | $70,000 | Single Family |
 |
2120 James Avenue North | Minneapolis | $70,000 | Single Family |
 |
1911 Russell Ave N | Minneapolis | $115,000 | Single Family |
 |
2955 Queen Ave N | Minneapolis | $90,000 | Single Family |
 |
2731 Knox Ave N | Minneapolis | $109,000 | Single Family |
 |
4339 Knox Ave N | Minneapolis | $125,000 | Single Family |
 |
3923 Dupont Ave N | Minneapolis | $75,000 | Single Family |
 |
3610 Girard Ave N | Minneapolis | $84,000 | Single Family |
Homebuyer Stories
A Brush With Kindness
Susan and Kevin Gundrum have never seen themselves as different. After getting married in 1998, they bought their house in West Saint Paul and like most couples they balanced work, bills and home maintenance.
[read more]