**The Rehabilitation Loan Program is currently on hold until further notice.**
The Rehabilitation Loan Program provides deferred loan financing to income-eligible homeowners needing to address health, safety, and energy efficiency concerns in the home. To determine if a repair or condition qualifies for the Rehabilitation Loan Program, contact Michael Hochhalter at 763-323-5708.
Maximum loan amount is $27,000 and for properties taxed as real estate. The loan is forgiven after the borrower remains a primary resident, in the home, for 15 years (loan terms may vary for manufactured homes). If the borrower sells, transfers title, or ceases to occupy the property as his/her principal residence during the term of the loan, the loan will become due and payable.
Properties must be owner-occupied, located in Anoka County, and must be one of the following:
Single-family detached home
Duplex in which the Borrower occupies at least one unit
Condominium unit or townhome (only the portion of real estate owned by the Borrower is eligible for financing under RLP - Common areas owned by the association are not eligible)
Certain mobile / manufactured homes
Income Limits (An eligible Borrower cannot exceed the income limit per family size - income is based on GROSS Annual Income):
2016 Household Size Income Limits
1 Persons = $18,100
2 Persons = $20,600
3 Persons = $23,200
4 Persons = $25,800
5 Persons = $27,900
6 Persons = $29,900
7 Persons = $32,000
8 Persons = $34,000
Borrowers must have owned the property and resided in the property as his/her principal residence for at least 6 months. Borrowers must apply to Anoka County Community Development Department as a first step to be approved for a loan.
Documents (both documents below are required for the submission of your application):