Affordable homeownership units

We help create affordable homes in the city with programs to buy, fix and build property.

Minneapolis Homes: Financing Program

The goal of the Minneapolis Homes: Financing Program is to eliminate racial disparities in homeownership and develop one to 20 units of ownership housing affordable and accessible to low to moderate income households throughout the City of Minneapolis. The program has a yearly competitive application process to sell City-owned properties and provide financing for affordable ownership developments that meet City goals. 

Applications were accepted until Friday, January 7, 2022 at 1 p.m. We anticipate the next application this fall. Sign up for the Minneapolis Homes listserv to be notified of future opportunities.

Applicant training materials

Our materials explain the application and development options. 

After completion of the training sessions applicants can contact Minneapolis Homes staff to ask questions or to discuss their proposals. 

Minneapolis Homes: Financing Evaluation Survey

Program documents

 

Applicant documents

Submit one copy of each:

  • Application
  • Documentation of financing:
    • Pre-approval letter from lender on letterhead, dated within 90 days
    • Bank statements within 30 days
    • Pending listing with amount of net sale proceeds expected
  • Eligible applicants are encouraged to apply for CHDO or CBDO certification. Certification may provide access to funding restricted only for certified entities. Applicants are encouraged to submit forms early:

Property information (submit for each property address applied for)

  

Program form documents for funded developers
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Contact us

Tara Roberts

Community Planning & Economic Development

Phone

612-673-5756

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415

Minneapolis Homes: Build or Rehab

Community Planning & Economic Development

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415

Community Planning & Economic Development (CPED)

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415