The Minnesota Housing Finance Agency (MHFA) Rehabilitation Loan Program provides a 20 year deferred loan with no interest or payments to low-income homeowners for home improvements directly affecting the safety, habitability, energy efficiency, and accessibility of their homes. This is a deferred loan and will not need to be repaid unless the house is sold or refinanced within the 20 years.
The program was created in 1981 to replace the Agency’s Home Improvement Grant Program, Accessibility Program, and Emergency Energy Conservation Grant Program. The money is in a state wide pool on a first come first serve basis. There are no allocations for agencies. There is a maximum loan amount of $20,000. These programs are primarily funded through appropriations from the State Legislature to the Minnesota Housing Finance Agency. All funds are distributed statewide through local housing and redevelopment authorities, community action agencies, and other nonprofit organizations.
The St. Cloud HRA has been administering the MHFA loan program in St. Cloud since 1978 with over $2 million in committed loans to date. Michael Haehn | St. Cloud HRA |
1225 West St. Germain | St. Cloud, MN 56301
320-202-3147 | fax 320-252-0889 |
