Minneapolis Homebuyer Program Lands $1.5 Million Grant

We’ve got some great new from the City of Minneapolis. It’s hot off the presses…

Mayor R.T. Rybak and partners Federal Home Loan Bank of Des Moines (FHLB Des Moines) and Wells Fargo today announced $1.5 million in new funding from FHLB Des Moines which will be used to help homeowners in more than twenty neighborhoods with down payment and closing cost to purchase foreclosed properties in areas most affected by foreclosures.

Through FHLB Des Moines Affordable Housing Program (AHP), an additional $1 million is now available for home purchases in North Minneapolis and $500,000 in the Northeast and South Central areas of the City. Funds will help low income households (less than 80% of area median income) purchase foreclosed homes. The
homebuyers will also receive homebuyer and homeownership education through the
Minnesota Home Ownership Center.

Learn more…

As exclusive home buyer agents we make it our job to know about every possible home buyer advantage. So if you’re thinking about buying a home – give us a call at 952-797-0090.

Submitted by Mary Rugani
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