Whether by choice or necessity, start planning your next project now with the help of a home improvement loan from NENA.
Home Improvement Loans
Owners of 1 to 4 unit residences can apply for up to $15,000 to make improvements to their properties. Owner-occupants and investors may apply. The interest rate is either 2% or 3% depending on income. No income restrictions apply.
Emergency Repair Loans
A limited amount of funds are available for emergency repairs. Only owner-occupied households are eligible. Income restrictions apply. The maximum loan amount is $7,500. The loan is 0% interest and there are no monthly payments. The loan is due in total on sale of the property or transfer of title.
For more information or to request an application for the NENA loan program, call our partner, the Greater Metropolitan Housing Corporation’s Housing Resource Center at (612) 588-3033. Or visit www.gmhchousing.org. Loan applications are processed on a first-come first served basis.