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Woodbury Foreclosure Purchase Program

Geographic Service Area: 
City of Woodbury
Program Details: 
Loan interest, deferred loans of up to $25,000
Purchase price of the home may not exceed $256,500
Single family detached homes, townhomes, or condo units are all eligible

The objective of the Woodbury Foreclosure Purchase Program is to encourage the purchase of foreclosed properties in the City of Woodbury by providing financing to low- and moderate-income purchasers. Low-interest, deferred loans of up to $25,000 are available to qualified families who earn no more than 115 percent of area median income, capped at $90,000 per household. The purchase price of the affected homes may not exceed $256,500. Single-family detached houses, townhomes or condo units are eligible for this program.

 

For more information about the city's housing and redevelopment programs and policies, contact:

Karl Batalden
Housing Specialist/Associate Planner
(651) 414-3438
kbatalden@ci.woodbury.mn.us