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Bloomington Housing and Redevelopment Authority

Home Ownership Assistance

1800 W Old Shakopee Rd, Bloomington, MN, 55431

(952) 563-8937

Website

https://www.bloomingtonmn.gov/hr/rental-homes-future-home-buyers-program

Service Details

Description

Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements


Additional Information

The Rental Homes for Future Homebuyers Program helps save a portion of the families rent each month, which is placed in escrow, and used by the family toward a down payment to buy their own home.


While living in the rental home, families have access to assistance with setting goals and preparing to purchase and maintain their own home in the future.


All the houses are three-bedroom single family houses located throughout the City in Bloomington.


Features

  • Area Served by County
    • Hennepin County 
  • Housing Unit Types
    • 3 or more bedroom unit 
  • Payment
    • Free / no cost to eligible clients 
  • Specialization
    • Family 
    • People with low income 

Eligibility

* Families of 3 - 6 household members
* Income requirements
* Eligible citizenship or immigration status
* Willing to enter a 5-year contract to live in the rental house
* Able to pay rent and utilities without assistance
* Pass background check for credit, rental and criminal history
* No pets allowed


Application Instructions

Contact the office or download an application for the waiting list
* The waiting list is approximately 3-5 years long


Business Hours

8:00am - 4:30pm, Monday - Friday


Area Served

City of Bloomington


Websites

Phone Numbers

Type Number Hours
General Information (952) 563-8937

Last Update

11/22/2024

Other Locations

This provider does not offer this service at other locations.

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