Prairie Five Community Action Council, Inc.
Home Repair Financial Assistance
Lac qui Parle County Office
422 5th Ave, Ste 307, Madison, MN, 56256
(320) 269-6578
prairiefive@prairiefive.com
https://prairiefive.org/programs/home-repairs
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
Minnesota Housing Finance Agency (MHFA) Rehab Loans assist low income homeowners in financing basic home improvements that directly affect the safety, habitability, energy efficiency or accessibility of their homes.
* There is no interest or monthly payment until you sell, transfer or move from the property or until after the 15th year.
* Basic improvements to the livability, accessibility and energy efficiency, as well as addressing lead paint hazards are eligible. Examples of repairs that may be eligible are roofing, foundations, siding, windows, heating units, electrical, plumbing, health and safety items.
Features
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Area Served by County
- Lac qui Parle County
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Specialization
- People with low income
Eligibility
* The property must be owner occupied
* The ownership of the property must be verified, and includes contract for deeds and life estates and trusts
* The household cannot have assets over $25,000
* The household must be current on property taxes and have current homeowner's insurance coverage on the home
* Income limits
Complete eligibility information for the Minnesota Housing Rehabilitation Loan/Emergency and Accessibility Loan Program is available online.
Business Hours
8:00am - 4:30pm, Monday - Friday
Area Served
Lac Qui Parle County
Websites
Phone Numbers
| Type | Number | Hours |
|---|---|---|
| Main | (320) 598-3027 |
Last Update
10/3/2024
Other Locations
- Prairie Five Community Action Agency - Main Office 719 N 7th St, Ste 302, Montevideo, MN, 56265
Other Services or resources
Taxonomy Terms Used: Clicking a taxonomy term from the list below launches a new search.
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BH-3000.3540Home 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.