Remodeling Incentives

St. Louis Park’s pilot green remodeling program allows homeowners to get technical and financial assistance to remodel homes to a green-certified standard. The program promotes awareness, provides technical assistance, and financial incentives for residents. The city will provide you loan incentives to help pay the additional cost for "going green."

Project components include:

Workshops and green remodeling home visits to assist residents in understanding and meeting green standards (Workshops coming in late spring).
Home performance analysis will assist residents in determining what measures will best meet their needs and budget.
Financial incentives include discount loans and rebates for energy efficient furnaces and water heaters.
Technical assistance for residents throughout the process, modeled upon successful components of the city’s existing home improvement programs

For additional information visit www.mngreenstar.org or call, 952-294-2196.

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Fund Condo/Townhome Improvements
Townhome and condominium associations that need help financing needed improvements to common areas, can petition the City of St. Louis Park to create a Housing Improvement Area. The petition must prove that the association is unable to obtain a loan through conventional sources. The action enables the city to provide a low interest loan that is repaid over a 10-to-15-year period via fees paid by the homeowners.

For assistance, contact Kathy Larsen, Housing Programs Coordinator at

(952) 924-2196
klarsen@stlouispark.org.

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Remodeling Loans
A number of low interest loans are available for home remodeling and rehabilitation thanks to the City of St. Louis Park's partnership with state agencies and local lenders. For more information about any of the programs listed here, call the Community Development office at (952) 924-2196 or e-mail klarsen@stlouispark.org.

Community Fix-up Fund Loans
These loans can be used for roof replacement, new windows, kitchen or bath| remodeling, garages and many other home fix-up projects. For more information, contact CEE Financial Resources at (612)335-5891 ( www.mncee.org/programs_residential) or e-mail byaritz@mncee.org

Loans up to $35,000
5 percent interest
Household income cannot exceed $93,100

4 percent interest
Household income cannot exceed $63,000

Home Energy Loans
These loans are for home improvements that increase energy efficiency (adding insulation, replacing windows or furnaces, etc.) For more information contact CEE Financial Resources at (612) 335-5891 (http://www.mncee.org/programs_residential/index.php) or e-mail byaritz@mncee.org

Loans up to $10,000
6.875 percent interest
No income limit
Maximum 5 year repayment term

Emergency Repair Grant
These grants pay for emergency repairs (furnace replacement, roof repair, etc.) This grant program is administered for the City of St. Louis Park by Community Action for Suburban Hennepin (CASH). Call (952) 933-9639, extension 210, for more information.

Grants up to $4,000
0 percent interest/no repayment required
Grants are for low income households; eligibility is determined by family size and household income. Household income is approximately $28,500 annually.

St. Louis Park Deferred Loans
These loans are available to help low-income families bring their homes into compliance with minimum housing standards. An additional $5,000 is available to correct hazardous situations (lead or asbestos) or make accessibility improvements for physically disabled residents. Repayment is not required if the homeowner remains in the home for 15 years; otherwise, repayment is due when the home is sold. This loan program is administered by Hennepin County; call (952) 924-2196 for more information.

Loans of up to $20,000
0 percent interest
Loans are for low income families; eligibility is determined by family size and household income. Example: Annual income for a household of two is $30,800 or less.
Applicants' assets may not exceed $25,000.

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Townhome & Condo Association Loans
Townhome and condominium associations that need help financing needed improvements to common areas, can petition the City of St. Louis Park to create a Housing Improvement Area. The petition must prove that the association is unable to obtain a loan through conventional sources. The action enables the city to provide a low interest loan that is repaid over a 10-to-15-year period via fees paid by the homeowners.