Deferred Loan Program

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Forgivable Loans for Home Maintenance Projects

roofDo you have a home maintenance project that needs to get done to make your home safer or healthier? The Deferred Loan program can help you pay for this necessary work through a loan program that offers several benefits:

  • Loans up to $30,000
  • For owner-occupied, single family homes
  • Income limits apply (see table below)
  • No monthly payments
  • No interest
  • The loan is due upon sale of the home or is forgiven after 30 years.

 

Contact the Deferred Loan Program team at Hennepin County at (612) 348-9260 for more information.

 

 Household Size               

 80% AMI                      

        1 person

             $57,920

        2 person

             $66,240

        3 person

             $74,480

        4 person

            $82,720

        5 person

            $89,550

        6 person

            $96,000

 7 person $102,640
 8 person $109,200

Income limits effective as of April, 2020.