Rehabilitation Loan Program
Rehabilitation Loan Program
How Do I Apply?
Call 218-512-4004 to request the application. Depending on availability, a meeting may be set up to discuss eligibility
- Loans available from $1,000 to $37,500, 0% interest deferred loan
- Deferred loan is forgiven starting after 15 years if the home is not sold or transferred
- Must be located in Clay County
- Residential Property - Single Family Detached, Duplex, Planned Unit Development
- Condominium, Townhome, Certain Mobile/Mfg. Homes
- Permanent general improvements
- Must directly affect the safety, livability or energy efficiency of the home
- May only address deficiencies identified through inspection, Lead-Based Paint Risk Assessment, Radon Test
| Rehabilitation Loan Program 2020 Income Limits | |
| Household Size | Income Limits |
| 1 Person | $22,100 |
| 2 Person | $25,200 |
| 3 Person | $28,400 |
| 4 Person | $31,500 |
| 5 Person | $34,500 |
| 6 Person | $36,500 |
| 7 Person | $40,200 |
| 8 Person | $44,700 |
| 9 Person | $49,200 |
| 10 Person | $53,800 |
| 11 Person | $58,300 |
| 12 Person | $62,900 |
| $25,000 Asset Limitation | |
How Do I Apply?
Call 218-512-4004 to request the application. Depending on availability, a meeting may be set up to discuss eligibility