City Of Eden Prairie: Housing Loans Available To Qualified Eden Prairie Residents

Eden Prairie MN

01 October, 2021

11:30 AM

Description

Press release from the City of Eden Prairie: 09/30/2021 The Housing and Community Services Division assists residents of Eden Prairie with several types of housing loan programs offering zero-interest, deferred and forgivable loans. First-Time Homebuyer Program Zero-interest, deferred loans up to $10,000 are available to qualifying first-time homebuyers purchasing a home in Eden Prairie. Funds can be used for part of the required down payment (up to 50%), closing costs (up to $5,000) and mortgage principle reduction (up to 10% of the purchase price or $10,000). edenprairie.org/HomeBuyer Senior Emergency Repair Program Forgivable loans up to $5,000 are available to qualifying residents ages 60 or older, who are owner-occupants of homes in need of emergency repairs. Funds can be used for repairs to water heaters, furnaces and central air conditioning units, or accessibility upgrades such as grab bars and handrails. edenprairie.org/SeniorRepair Housing Rehabilitation Loan Program Zero-interest, deferred loans up to $15,000 are available to qualifying low and moderate-income households to maintain, repair and improve Eden Prairie homes. Funds can be used for new roofs, siding, windows, electrical, plumbing, heating and insulation. edenprairie.org/RehabLoans This press release was produced by the City of Eden Prairie. The views expressed here are the author's own.