| The City of Robbinsdale has facilitated three home improvement programs
for its residents. The programs are administered by the Community Revitalization Resources
(CRR), a division of the Center for Energy and Environment, a local non-profit
organization. The programs are as follows: |
1) MHFA COMMUNITY FIX-UP FUND
Qualifications:
 Single family Cape Cod or Rambler style homes
built prior to 1970 Annual household income of $78,890 or less
All loans subject to credit approval |
|
General
Terms: |
|
Minimum
loan amount $500 |
|
Maximum
loan amount $35,000 |
|
Up
to a 20 year term |
|
Interest
rate of 2-8% |
|
Minimal
closing costs |
| 2) MHFA
HOME IMPROVEMENT LOAN
Qualifications:
Owner-occupied property containing up to four dwelling units
Annual household
income of $55,000 or less
All loans subject to credit approval |
|
General
Terms: |
|
Minimum
loan amount $500 |
|
Maximum
loan amount $35,000 |
|
Up
to a 20 year term |
|
Interest
rate of 5-5.25% |
|
Minimal
closing costs |
| 3) MHFA
HOME ENERGY LOAN
Qualifications:
Owner-occupied single-family homes
No maximum income limit
All loans subject to credit approval
Improvements must be energy related |
|
General
Terms: |
|
Minimum
loan amount $1,000 |
|
Maximum
loan amount $10,000 |
|
Up
to a 5 year term |
|
Interest
rate of 5.25% |
|
Minimal
closing costs |
|
| CRR provides you with skilled guidance in making decisions and completing
the necessary forms. For more
information contact:
Community Revitalization Resources
211 North 1st Street, Suite 455
Minneapolis, MN 55401
(612) 335-5884, Fax: (612) 335-2650 |
