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.
Click HERE for a training video on how to access these funds.
There are currently no new construction Impact Funds available.
For other ways to subsidize the homeowner mortgage, check out the following programs: