New Home Improvement Loan Programs Available

home-improvement-toolsBeginning Monday, June 8th NENA is launching its new housing rehabilitation loan program. 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. Interest rate is either 2% or 3% depending on income. No income restriction applies. For more information or to request an application, call the Greater Metropolitan Housing Corporation’s Housing Resource Center (612) 722-7141. Or visit www.gmhchousing.org. Loan applications are processed on a first-come first served basis.

FUNDS SPENT DOWN – 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. If you have an emergency, contact the Housing Resource Center at (612) 722-7141.

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