In July, NENA suspended its very popular home loan programs. Our nonprofit loan provider abruptly ended its service and NENA worked with the City of Minneapolis to find alternative lending partners. In August, the NENA Board of Directors unanimously approved switching to the Center for Energy and the Environment to administer our home loan programs. The relaunch is scheduled for September-October. Check back for more information about the loan program and how to apply!
In June, NENA received notice that our lending partner and local nonprofit, Greater Metropolitan Housing Corporation (GMHC), will be closing its Housing Resource Center on July 31, 2017. GMHC has enabled neighborhood organizations like NENA to offer low-interest loans by serving as the program administrator and loan officer for many years.
On July 10, 2017, GMHC sent a second communication stating it is no longer possible for it to process new loan applications and the program has ended effective immediately. As a result, NENA will no longer be able to offer the Home Improvement and Emergency Repair Loans at this time.
We are currently reviewing alternative lending partners for this popular loan program. As always, we will communicate updates and reinstatement notices on the NENA website and through NENA News.
If you have any questions about a current loan, please contact the GMHC Housing Resource Center at (612) 588-3033.