A Southwest Minneapolis Neighborhood Association Cooperative Loan Program
Armatage, Fulton, Kenny and Lynnhurst Neighborhood Associations have joined forces to offer a new home improvement and emergency loan program.
Home Improvement Loans:
$5,000-$20,000 loan amounts
3% interest rate
No income limit
Approved Projects: most exterior and interior projects are eligible
$3,000-$8,000 loan amounts
0% interest rate; payments deferred for 5 years
Income Limit of 80% of the Area Median Income
Approved Projects: repair of imminent conditions that make a home uninhabitable
Click below to view the full program guidelines for both programs.
This loan program is being administered by Greater Metropolitan Housing Corporation (GMHC):
Greater Metropolitan Housing Corporation
www.gmhchousing.org (follow the prompts to Fulton Neighborhood)