Homebuyer resources

We teach people how to access homeownership.

General Requirements

  • City financing is available for down payment and normal closing costs
  • Borrowers cannot combine Minneapolis Homes programs on the same housing unit
  • Only City-approved contract for deed models eligible
  • Must be an owner-occupied dwelling
  • There is an income limit of 80% of area median income to apply for any Minneapolis Homes assistance program, updated by the U.S. Department of HUD annually

2022-2023 income limits effective May 2, 2022

Area median income is calculated by the US Department of Housing and Urban Development for the seven-county metro region annually and adjusts by household size – meaning all of the people who live at an address. Rules can differ for calculating income by program, so it’s best to talk to a loan administrator to see if you qualify.

Household size 1 2 3 4 5 6
80% AMI $62,600 $71,550 $80,500 $89,400 $96,600 $103,750
60% AMI $49,280 $56,320 $63,360 $70,400 $76,032 $81,664

Source: U.S. Department of Housing and Urban Development


Building Equity Down Payment Assistance Program

This program is administered by the Family housing fund. It focuses on homebuyers up to 115% of area median income to purchase a 2–4-unit building (Duplex, Triplex, Fourplex, or Home with ADU not to exceed 4 total units) as an owner-occupant landlord. The property must be in the 7-county metro area (Hennepin, Ramsey, Anoka, Dakota, Scott, Carver, or Washington). The amount of assistance provided is a 0% interest, no payment, 5- year forgivable loan of up to $40,000 in aid. Visit here for more information 

Visit the Family Housing Fund website to learn more

Homeownership Opportunity Minneapolis (HOM) down payment assistance

Homeownership Opportunity Minneapolis is a down payment assistance program that provides a 0% interest, no payment 30-year loan with $10,000 in assistance for homebuyers between 61- 80% AMI and $20,000 in assistance for homebuyers below 60% AMI to purchase any home in the City of Minneapolis.

Applicants must complete financial wellness counseling prior to executing a purchase agreement, financial wellness counseling agencies include:

To apply for HOM, contact one of the program administrators:

Homebuyer Initiated Program

The City provides funding to support City of Lakes Community Land Trust’s Homebuyer Initiated Program, which provides up to $70,000 of assistance to buyers purchasing homes on the open market. Homes are enrolled in a shared equity program.

Learn more about Homebuyer Initiated Program

Minneapolis Homes: Financing Affordable Homes

The City finances affordable homes available for purchase through an annual application process. Contact the developer for more details about how to purchase available homes and assistance available for purchase.

View a list of homes currently under construction

Information for Lender and Realtor Partners

First mortgage lenders and realtors may contact Ryan Nestingen for questions or product approval needs. Average production through programs listed below is 100 annually.

Learn more about Minneapolis Homes.

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If you need help with this information, please email 311, or call 311 or 612-673-3000.

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Contact us

Minneapolis Homes: Build or Rehab

Community Planning & Economic Development


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


Ryan Nestingen

Housing Policy & Development

Community Planning and Economic Development



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




Community Planning & Economic Development (CPED)


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