Alexandria Housing and Redevelopment Authority (HRA)
Affordable Housing Loan Assistance
Alexandria HRA & Viking Towers
805 Fillmore St, Alexandria, MN, 56308
(320) 762-1311
https://www.alexandriahra.com/homeownership/single-family-housing
Service Details
Description
Loans are available for low-income families purchasing a single-family home from the Alexandria Housing and Redevelopment Authority.
Loans from the Housing and Redevelopment Authority (HRA) differ from a mortgage as they are used to cover what the mortgage doesn't. This happens when the lender approves an amount that doesn't pay the entire cost of the mortgage even with the downpayment from the buyer. This type of loan is called a gap or bridge loan. Some of these loans are forgivable and interest-free if the buyer meets requirements. Loans from the HRA are not tied to loans for the mortgage.
Features
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Area Served by County
- Douglas County
Eligibility
Low-income families
Area Served
Douglas County
Websites
Phone Numbers
| Type | Number | Hours |
|---|---|---|
| General Information | (320) 762-1311 |
Last Update
9/27/2024
Other Locations
This provider does not offer this service at other locations.
Other Services or resources
Taxonomy Terms Used: Clicking a taxonomy term from the list below launches a new search.
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BH-3500.3400-450Low Income Home Loans Definition
Programs outside of HUD that provide direct or guaranteed housing loans for low-income families who do not have sufficient resources to purchase a home for themselves and who could not otherwise secure credit for this purpose.