Minneapolis Home Improvement Lending Programs
The City of Minneapolis administers a variety of home improvement programs on a citywide basis.
Home Improvement Loans
Minneapolis offers amortizing loans at 1 percent interest for home repairs. The maximum term is 20 years. The maximum loan is $25,000. The maximum income to qualify for this loan is 80 percent of the Area Median Income (AMI) for the metropolitan area. This loan can only be used to complete code repairs.
Code Abatement Loans
Minneapolis offers interest-free loans for code abatements for households that are within 50 percent of the Area Median Income (AMI) for this metropolitan area. The maximum loan amount is $20,000. The loan is repaid at the time the house is sold.
For more information
Contact a Greater Metropolitan Housing Corporation Housing Resource Center, or call 612-378-7985.