THE BEST OF SOUTHWEST MINNEAPOLIS — brought to you by the Lynnhurst Neighborhood Association (LYNAS)
Fix It Fund
A Southwest Minneapolis Neighborhood Association Cooperative
Program Launches on April 27
Armatage, Fulton, Kenny and Lynnhurst Neighborhood Associations have joined forces to offer a new home improvement and emergency loan program.
Home Improvement Loans:
$5,000-$20,000 loan amounts
3% interest rate
No income limit
Approved Projects: most exterior and interior projects are eligible
$3,000-$8,000 loan amounts
0% interest rate; payments deferred for 5 years
Income Limit of 80% of the Area Median Income
Approved Projects: repair of imminent conditions that make a home uninhabitable
Click below to view the full program guidelines for both programs.
This loan program will be administered by Greater Metropolitan Housing Corporation (GMHC). GMHC will begin accepting phone and web inquiries at 9 a.m. on Mon., Apr. 27. Loans will be disbursed on a first-come, first served basis. This project is funded by a neighborhood program using city funds and no funds are paid in advance. Payment will be made after the work is completed, inspected, permits closed out and lien waivers collected.
Greater Metropolitan Housing Corporation
www.gmhchousing.org (follow the prompts to Lynnurst Neighborhood)