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

2021-2022 income limits

Household size12345
80% AMI $54,950 $62,800 $70,650 $78,500 $84,800
60% AMI $43,440 $49,680 $55,860 $62,040 $67,020

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


Homeownership Opportunity Minneapolis (HOM)

Homeownership Opportunity Minneapolis is a down payment assistance program that provides a 0% interest, no payment 30-year loan up to $10,000 in assistance for homebuyers below 80% 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:

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 (Ryan.Nestingen@minneapolismn.gov) 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

Community Planning & Economic Development (CPED)




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