Minneapolis Home Repair Financing (2026)

Two different tools, often used together

Minneapolis's CPED department doesn't hand out a single fixed grant — it offers two financing tools that can work independently or together. The Interest Rate Subsidy reduces the rate on a larger Minnesota Housing Fix Up Loan (or similar bank loan) up to $75,000, potentially all the way down to 0%. The Deferred Loan is smaller — up to $25,000 — but genuinely interest-free for 30 years, with the balance due only at sale, transfer, or loan maturity. The program also includes a lead-paint grant component for older homes.

Eligibility and how to apply

• Property: owner-occupied, 1–4 units.
• Standing: current on mortgage and property taxes.
• Income: must fall within city guidelines (the specific percentage of AMI isn't published on the city's page — confirm when you apply).
• Interest Rate Subsidy: can reduce a Minnesota Housing repair loan (or similar) to as low as 0%; loan itself up to $75,000.
• Deferred Loan: up to $25,000, 0% interest, 30-year term, due at sale/transfer/maturity.
• Apply: through Minneapolis Community Planning & Economic Development — see minneapolismn.gov/resident-services/property-housing/housing/owning/home-improvement-financing.

Pro tip from our network contractors

Ask CPED directly whether you can combine the Interest Rate Subsidy with the Deferred Loan for the same project — using both together can meaningfully lower your total borrowing cost on a larger repair.

Outside Minneapolis, elsewhere in Hennepin County

Hennepin County runs a separate forgivable loan program (up to $30,000) for the parts of the county outside Minneapolis — see our Hennepin County home repair grants guide, and Minnesota's statewide Rehabilitation Loan Program in our government home repair grants by state guide.