Impact Fund

/Impact Fund
Impact Fund2020-04-17T15:01:33-05:00

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 $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 defered and forgiven at the end of the 5 years.

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

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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