Habitat Minnesota Loan Fund

/Habitat Minnesota Loan Fund
Habitat Minnesota Loan Fund2018-08-14T15:45:04+00:00

Habitat Minnesota Loan Fund Capital

The 21st Century Fund was established in 2000 with a $21 million, 0% interest loan from the Minnesota Housing Finance Agency. Because Habitat Minnesota holds this money interest free, we are able to loan 21st Century Funds to affiliates at 0% interest. The 21st Century Fund loan pool totals approximately $1.3 million per year and carries an 8% loan origination fee to help cover program costs. The loan term matches the term of the mortgage pledged to Habitat Minnesota, on average 25 – 30 years. As of June 30, 2017, approximately $40.1 million has been disbursed from the original loan of $21.3 million plus recycled funds, funding 542 mortgages.  In FY’19 Habitat Minnesota has approximately $1.5 million available.  A complete application consists of the following seven items. Click here for a copy of the  FY19 Request for Applications.

Capital Fund Guidelines and Forms

The 21st Century Fund was established in 2000 with a $21 million, 0% interest loan from the Minnesota Housing Finance Agency. Because Habitat Minnesota holds this money interest free, we are able to loan 21st Century Funds to affiliates at 0% interest. The 21st Century Fund loan pool totals approximately $1.3 million per year and carries an 8% loan origination fee to help cover program costs. The loan term matches the term of the mortgage pledged to Habitat Minnesota, on average 25 – 30 years. As of June 30, 2017, approximately $40.1 million has been disbursed from the original loan of $21.3 million plus recycled funds, funding 542 mortgages.  In FY’19 Habitat Minnesota has approximately $1.5 million available.

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.