Habitat Minnesota Loan Fund

/Habitat Minnesota Loan Fund
Habitat Minnesota Loan Fund2018-09-17T15:14:41+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, 2018, 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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Contact Info

Habitat for Humanity of Minnesota
2171 University Ave W.,
Suite 200
Saint Paul, MN 55114

Phone: 612.331.4439

Web: www.hfhmn.org