Minneapolis Houses for Heroes
Minneapolis Houses for Heroes is a down payment and closing cost assistance program to provide active military or veterans of the Global War on Terror with affordable homeownership opportunities in Minneapolis. The program offers up to $20,000 in the form of a zero-percent interest deferred loan that is forgiven at the end of five years. Priority for the program will be given to Reservist or National Guard members of the Global War on Terror who are currently deployed or have recently returned from deployment.
Reserve Aid, a national nonprofit organization that assists military families who have a Reservist or National Guard member on full-time deployment or who have recently returned from deployment or a combat zone or homeland security position, has committed $200,000 in funding for the program in 2014. Funds will be administered through Greater Metropolitan Housing Corporation (GMHC) on behalf of the City of Minneapolis. First time homebuyers participating in the Houses for heroes program will be encouraged to participate in homeownership education and counseling. Homeownership counseling services will be available through the Minnesota Homeownership Center.
Last updated May 20, 2014