Emergency home rehabilitation loan

Program
Deferred Emergency
Maximum Loan
$4,999
Maximum Household Income (2008)
1 Person
$28,315
2 Persons
$32,360
3 Persons
$36,405
4 Persons
$40,450
5 Persons
$43,686
6 Persons
$46,922
7 Persons
$50,158
8 Persons
$53,394
Asset Limit
$25,000
Interest Rate
None
Lien
10 years

This is an emergency, deferred loan without interest or monthly payments for qualifying households. The amount of the loan must be repaid only if you sell your home, transfer or convey title or move from the property within 10 years of receiving the loan. After 10 years, the loan is completely forgiven.

Eligible emergency repair activities include: roof repair, furnace, hot water heater, etc.

For more information, please contact Bruce Nyren at Community Action Partnership of Suburban Hennepin County at 952.697.1368.