Minneapolis and St Paul CityLiving Program        

• This program offers grants to first-time home buyers up to 4% of purchase price
• Interest rates are below market

Minneapolis Neighborhood Advantage Program

• The city of Minneapolis is offering a $10,000 interest-free loan to buyers who purchase a home in certain areas of the city
• The loan is FORGIVEN after five years!
• Some neighborhoods eligible for this offer are:
  • Webber-Camden               
  • Cleveland
  • Folwell
  • McKinley
  • Harrison
  • Jordan
  • Hawthorne
  • Willard-Hay
  • Near North
  • Ventura Village
  • Whittier
  • Phillips West
  • Midtown Phillips
  • East Phillips
  • Powderhorn Park
  • Central
  • Holland
  • Beltrami

 Dakota County Bond Program -

Housing Opportunities Enhancement Program (HOPE)

• This program offers funding in the form of a deferred loan.
• Eligible uses of HOPE funds include new construction, acquisition, rehabilitation, preservation, and indirect or direct assistance with homeownership opportunities.
• http://www.dakotacda.org/housing_developers.htm

 Programs Available State Wide

MHFA

• Offering below market interest rates, down payment and monthly assistance
• http://www.mnhousing.gov/