Minneapolis Advantage Program
- April 8, 2009 - by Ben Goheen, in General, with no comments -
The city of Minneapolis created a program to help potential home buyers purchase a home in areas where foreclosures are predominant. The $10,000 loan can be used to pay for closing costs, down payment or minor home repairs. It can be used for either a single family home or owner-occupied duplex. The 0% loan has no monthly payments and after 5 years is completely forgiven. Income eligibility requirements apply and the 200 loans available are on a first come, first serve basis.
The city of Minneapolis created a program to help potential home buyers purchase a home in areas where foreclosures are predominant.
The $10,000 loan can be used to pay for closing costs, down payment or minor home repairs. It can be used for either a single family home or owner-occupied duplex. The 0% loan has no monthly payments and after 5 years is completely forgiven. Income eligibility requirements apply and the 200 loans available are on a first come, first serve basis.
To find out more and learn how to apply, read the frequently asked questions or visit the website about the Minneapolis Advantage Program.
(click on the image for a larger view of eligible neighborhoods)
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