Energy Programs
Are you making energy improvements to your home?
Learn more about the Energy Advantage Loan/Grant program! You may qualify
for a no-interest, deferred loan for 25% of total project costs. If $2999
or more is spent on energy improvements, HRA will also issue a $250 grant.
Eligible energy improvements and replacements will include items that have a
proven payback such as windows, doors, furnaces, air-conditioning, insulation,
water heaters and built-in appliances. Households must earn less than 115% of AMI
to qualify (approximately $90,000 for a household of four).
Call Center for Environment and
Energy at 612-335-5884 or visit
http://www.mncee.org/ for more information. CEE offers a variety of
programs that may suit your remodeling needs.
Fix-Up Fund
Do you have a small to medium sized remodeling project? The
Fix-Up Fund may be for you. If your annual household income is $89,000 or less, you can borrow up to $35,000 at a reasonable interest rate (adjusted periodically by
MHFA).
For more information, call GMHC at 612-722-7141.
Transformation Homes
For homeowners who are investing $50,000 or more into their remodeling project, the Transformation Homes Loan provides incentive financing
- 15% of contracted remodeling costs, up to $15,000. The loan is interest free
and payable upon future sale of the home or forgiven after 30 years.
Funds are currently available. Call
612-861-9760 for information.
Rehabilitation Deferred Loan
Does your home need repairs and updates, but you have a modest income? You
may qualify for the Rehabilitation Deferred Loan which has zero interest, no monthly payments,
and a maximum loan amount of $30,000 per household. Income is determined by household size. (For a two-member household, the year 2007 maximum income for eligibility is $31,400. A four member household could have a maximum income of $39,250.)
A 3% interest loan is available for households earning less than $59,600 (for a
family or four). Call
Hennepin County at 612-348-2235 for more information.
HOME Accessibility Program
If you need to make accessibility
modifications for yourself or a family member, you may be interested in the HOME
Accessibility Program administered by Hennepin County. The Program offers
up to a $35,000 loan that comes with no interest and no monthly payments.
Eligibility is based on household income and the value of your property after
rehabilitation. Click here
to view program details in .pdf format. Call Hennepin County at
612-348-2670 for more information.
