Chisago County HRA - EDA
38883  7th Avenue
P.O. Box 410
North Branch, Minnesota 55056
(651) 674-5664
FAX (651) 674-2996

Contact Us

YOU CAN Keep Your Home Safe, Livable and Accessible!

If your Home needs basic repairs, the Minnesota
Housing Finance Agency Rehabilitation Loan
Program may be the answer!

If your household annual adjusted gross income* is $18,000 or less, you may be eligible for an MHFA Rehabilitation Loan.

0%, 30 year loan financing up to $15,000 is available to make basic permanent repairs to your home without interest or monthly payments. If your adjusted gross income* is $10,000 or less and a resident of your home has a physical disability, you may be eligible for a loan that provides financing up to $20,000 for home improvements that benefit the person with a disability.

How Do I Qualify?

• You must own the property to be improved
   and it must be your principal place of
   residence.
• You must be current in your property taxes.
• The net value of your assets can not exceed
   $25,000. (Not including personal property,
   one auto, the property to be improved
   including two adjacent platted lots or 160
   adjacent acres of unplatted land, real
   estate, equipment, supplies, and business
   inventory.)

Single-family homes, duplexes and manufactured housing taxed as real or personal property are eligible for this program.

*MHFA Adjusted Gross Income
Gross income means income from all sources, including those that are not taxable. $1,000 for each of your household residents is subtracted from your gross income to determine adjusted gross income. There is also a special deduction for extraordinary medical costs you may be eligible for. Check with your local Administrator to see if you qualify.


 


Where Can You Apply?

MHFA Rehabilitation Loans are distributed through local administrators familiar with your area needs. Funds are very limited and are allocated according to local priorities. To obtain additional information, see the accompanying list of Rehabilitation Loan administrators in your area. They can determine your eligibility and provide application materials.

For a list of administrators, call the Minnesota Housing Finance Agency at:

Twin Cities 651-296-8215

Greater Minnesota 800-710-8871

TTY 651-297-2361

By email at donna.dimatteo@state.mn.us

Or check us out on the internet at:
www.mhfa.state.mn.us


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Last revised: April 21, 2006

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