Impact Fund

/Impact Fund
Impact Fund2018-08-14T16:39:29+00:00

Impact Loan Fund

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.

Impact Fund Program Guidelines

Minnesota Housing Finance Agency offers funding through the Impact Fund program. Each year, Impact Fund funding is awarded on a competitive basis to affordable single and multi-family housing projects. Since 2009, Habitat Minnesota has applied for and received over $3.3 million in grants to help Greater Minnesota affiliates construct new or rehab housing. Currently, Habitat Minnesota has $375,000 available to help construct 25 units in fiscal year 2019.

This Is A Custom Widget

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.

This Is A Custom Widget

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.