They provide emergency assistance to state and local governments to obtain foreclosed properties that may cause cities further distress by being abandoned. Mpls and St Paul offer financing assistance programs to help homebuyers buy these foreclosed homes.
Neighborhood Housing Services Nonprofit lender providing low to moderate income homebuyers first-time homebuyer financing, down payment assistance, monthly payment assistance, below market interest rates, purchase and rehab financing.
Alexandria Greater Minnesota Housing Fund - Trails Development Gap Financing Program (GAP) $15,000 (651) 221-1997
Alexandria HRA Down Payment Assistance Program (DPAP) - Trails Development
$2,500 (320) 762-1311
Alexandria MHFA Gap Financing Program (GAP) - Trails Development
$15,000 (320) 762-1311
Austin/Mower County Homeownership Fund Program
$4,000 (507) 864-7741
Chaska Clover Ridge Owner Occupied Assistance Program (OOAP)
$5,000 (952) 448-2851
Duluth Neighborhood Housing Services "Homeownership Program with Employers" in Lincoln Park Grant (HOPE) $4,000 (218) 727-8604
Duluth Neighborhood Housing Services of Duluth Homeownership Incentive Program (HIP)
$4,000 (218) 628-1057
Duluth NHS/Hillside Homeownership Incentive Program (HIPP)
$4,000 (218) 628-1057
East Grand Forks Down-payment Assistance Program
$3,000 (218) 773-2371
East Grand Forks New Construction Incentive (NCI) Program
$10,000 (218) 773-2371
Elliot Park Neighborhood Improvement, Inc. Homebuyers Assistance Program
$5,000 (612) 335-5885
Hutchinson Housing & Redevelopment Authority Down-Payment Assistance Program (DPA)
$2,000 (320) 234-4451
Itasca County/Koochiching County KOOTASCA Community Action's Homebuyer Program (HBP)
$7,000 (218) 326-8539
Mankato Homeownership Program (HOP) 2nd Lien $17,500 (507) 387-8622
Mankato Revolving Loan Fund (RLF) 3rd Lien $3,000 (507) 387-8622
Minneapolis Equity Participation Loan Program (EPL)
$30,000 (612) 673-5289
Minneapolis Folwell Neighborhood Association First Time Home Assistance Program (FTHP)
$2,000 (612) 588-3033
Minneapolis Hawthorne Homestead Program (HHIP)
$25,000 (612) 339-0601
Minneapolis/MCDA Closing Cost Loan (CCL) Program
$3,500 (612) 673-5289
Multi Cities Tri-County Actions Programs, Inc. Homeowner Gap Financing Program (GAP)
$10,000 (320) 255-0705
Multi Counties Arrowhead Economic Opportunity Agency Inc Homeownership Opportunity Program (HOP) $5,000 (800) 662-5711
Multi Counties Headwaters Housing Development Corporation Two Note Program (TNP)
$30,000 (218) 444-4732
Northfield Housing Assistance Program (NHAP) $5,000 (507) 645-8833
Pennington County Affordable Housing Program (AHP) Community Revitalization Fund Program (CRF) 3rd Lien $7,000 (218) 637-2431
Pennington County Affordable Housing Program (AHP) Loan Pool Funds (LPF) 2nd Lien
$4,000 (218) 637-2431
Ramsey County First-Time Home Buyer Grants Program (FBAP)
$20,000 (651) 266-8025
Red Lake County Affordable Housing Fund (AHF) Affordable Housing Loan Pool Fund (LPF) 2nd Lien $5,000 (218) 637-2431
Red Lake County Affordable Housing Fund (AHF) Community Revitalization Fund (CRF) 3rd Lien
$8,000 (218) 637-2431
Rochester First Homes GAP Loan Program (GAP) $15,000 (507) 281-7396
St Paul Community Neighborhood Housing Services, Down Payment Assistance Program (DPAP) $3,000 (651) 292-8710
Thief River Falls Slow Second Mortgage Program (SSMP) $12,500 (218) 681-2500
Washington County First Time Home Buyer Grants Program (FBAP) $10,000
(651) 266-8025
* This is not a complete list of programs
* Contact companies for current programs and funding.
* Changes may occur without notice.