Bloomington Housing and Redevelopment Authority
Home Repair Financial Assistance
1800 W Old Shakopee Rd, Bloomington, MN, 55431
(952) 563-8937
hra@BloomingtonMN.gov
https://www.bloomingtonmn.gov/hr/home-improvement-loan-program
Service Details
Description
Loan program to homeowners for routine home maintenance, emergency repairs, or accessibility improvements.
Participants must meet income and other eligibility requirements.
Additional Information
Offers low interest loans to owner-occupants for home improvement purposes
- Loans are for repairs, energy use reduction, helping a house meet building codes
Features
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Area Served by County
- Hennepin County
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Specialization
- Family
- People with low income
Eligibility
Income and asset requirements and some serve a limited area of the City
Application Instructions
Download application or call the Bloomington Housing and Redevelopment Authority (HRA) office.
Business Hours
8:00am - 4:30pm, Monday - Friday
Area Served
City of Bloomington
Websites
https://www.bloomingtonmn.gov/hr/home-improvement-loan-program
https://www.bloomingtonmn.gov/hr/housing-and-redevelopment-authority-hra
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.
Other Services or resources
Taxonomy Terms Used: Clicking a taxonomy term from the list below launches a new search.
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BH-3000.1800Energy/Water Conservation Improvements Definition
Programs that provide assistance in the form of labor and supplies, cash or tax rebates, property assessment arrangements or consultation services for homeowners who want to make home improvements that are designed to reduce energy and/or water consumption.
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BH-3000.3540Home Barrier Removal Loans Definition
Programs that provide loans to qualified people with disabilities who want to install ramps or elevators, widen doorways, install grab bars in showers and bathrooms, lower kitchen and other cabinets or make other modifications in their homes in order to make them more accessible.
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BH-3000.3550-360Home Rehabilitation Loans Definition
Programs that provide loans for income-eligible people who want to repair or modify their homes or mobile homes to make them energy-efficient, attractive, safe and free of health hazards; or which help eligible individuals find loans for this purpose. Most loan programs cover major repairs, system upgrades and replacements (e.g., plumbing, heating or electrical systems) but not minor repairs. Included are conventional home rehabilitation loans, deferred loans (in which payments are deferred until the home is sold) and forgivable loans (in which all or a part of the loan is forgiven if the borrower resides in the home for a specified period of time). The forgiven part of a forgivable loan amounts to a contingent grant. If the borrower sells the home prior to the specified time period, all or part of the loan is due. A common variation is to have portions of the loan forgiven gradually over a period of years.