Funding promotes home ownership in foreclosure-affected neighborhoods

Mayor R.T. Rybak approved funding, adopted by the City Council, for the with high levels of mortgage foreclosures, see map (pdf). The new funding, which amounts to $2 million will generate 200 loans for eligible and qualified buyers for the purchase of homes in specific targeted neighborhoods of the City.

The successful program was piloted last year and new funding by the City and Federal Home Loan Bank of Des Moines will fund loans of $10,000 each at zero-percent interest. Applications will be accepted beginning April 2, 2009.

For more information about the loan program call Greater Metropolitan Housing Corporation at 612-588-3033. 

Questions about purchasing in:
- North Minneapolis, call 612-588-3033
- Northeast Minneapolis, call 612-378-7985
- South Minneapolis, call 612-378-7985

Questions about purchasing in:
- North Minneapolis, call 612-588-3033
- Northeast Minneapolis, call 612-378-7985
- South Minneapolis, call 612-378-7985

Published Feb 20, 2009

QUICK LINKS

Home

Contact us

Email updates

Find a service

About this site

For employees

Accessibility:
For reasonable accommodations or alternative formats, contact 311.
People who are deaf or hard of hearing can use a relay service to call 311 at 612-673-3000.
TTY users can call 612-673-2157 or 612-673-2626.

Para asistencia 612-673-2700, Yog xav tau kev pab, hu 612-637-2800, Hadii aad Caawimaad u baahantahay 612-673-3500. 

CONNECT

311 call center

TTY relay service

 

facebook25x25 twitter25x25 youtube25x25 Minneapolis311icon logo tv 14 footer icon image linkedin_32x32




mpls-logo-white120