MHFA Home Improvement Loan Program
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Community Fix-Up Fund

YOU CAN Improve Your Home

The Community Fix-Up Fund is available to help communities address their home improvement needs and objectives. In cooperation with a local partner, Minnesota lenders who participate in the Fix-Up Fund are eligible to apply for access to these program funds in a designated community.

Eligible Applicants

Applicants eligible for this program are low to moderate income homeowners who occupy the property to be improved in participating communities. Applicants must also meet any additional targeting criteria established by the community.

The Gross Annual Household Income Limit for the Community Fix-up Fund is $88,000 statewide.

Program Guidelines

Interest rates are based on the income of the household and the targeting criteria of the participating community. The current interest rate is 5%.

The maximum loan amount is $35,000, with a maximum loan term of 20 years. Loans over $10,000 must be secured with a mortgage. Loans are not assumable and are due upon sale of the property. Properties must be owner-occupied, one-to-four units, and taxed as real property.