Impact Fund

Impact Fund Owner Occupied Repairs

Habitat Minnesota has been awarded funding from Minnesota Housing’s Impact Fund Program (IF) each year for the last 9 years. The IF applications are written on behalf of Greater MN affiliates. For IF Owner Occupied Repair projects, funding is available at an average of $7,500 per project. Eligible household income earns up to 40% AMI. Each IF OOR grant is secured with a 5-year Deed Restriction on the homeowner’s property. The lien is deferred and forgiven at the end of the 5 years.

Click HERE for definitions and scope of Habitat Repair Programs.

There are currently no new construction Impact Funds available. 

For other ways to subsidize the homeowner mortgage, check out the following programs:

Federal Home Loan Bank
2020 Second Mortgage Fund

Impact Fund Program Guidelines