The Minnesota Housing Finance Agency's (MHFA) Fix-up Loan provides low-interest financing for energy conservation and other basic improvements to residential properties. A higher loan amount may be available for improvements that enhance the accessibility of the home for a disabled family member. Loans are available for up to $25,000. To be eligible for the loan, the home must be occupied by the property owner.
Another key feature of the MHFA home improvement loan program is the opportunity for homeowners to contract with approved lenders directly. Find a participating lender at this link.
|Incentive Type:||Loan Program|
|Administrator:||Minnesota Housing Finance Agency|
|Eligible Renewable/Other Technologies:||
|Maximum Loan:||$25,000. Applicants may be eligible for higher loan and term amounts depending on income|
Property must be owner-occupied
Loan repayment terms: 10 - 20 years
|Interest Rate:||Interest rate of 4.99%|
|Organization:||Minnesota Housing Finance Agency|
400 Sibley Street, #300
St. Paul MN 55101
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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