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.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Minnesota |
| Incentive Type: | Loan Program |
| Web Site: | https://www.mnhousing.gov/sites/lenders/fixup |
| Administrator: | Minnesota Housing Finance Agency |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: | $25,000. Applicants may be eligible for higher loan and term amounts depending on income |
| Loan Term: |
Property must be owner-occupied Loan repayment terms: 10 - 20 years |
| Interest Rate: | Interest rate of 4.99% |
| Name: | Public Services |
| Organization: | Minnesota Housing Finance Agency |
| Address: |
400 Sibley Street, #300 St. Paul MN 55101 |
| Phone: | (800) 710-8871 |
| Email: | mn.housing@state.mn.us |
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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