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Home Ownership

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Home ownership programs, like the ones below, help make St. Louis Park a stronger community. These programs expand home ownership opportunities, make home ownership more affordable and promote resident stability. 


Homes Within Reach

Homes Within Reach is a nonprofit organization that creates affordable home ownership opportunities for working households in the western suburbs of Hennepin County. The organization purchases and rehabilitates homes and then sells them to qualified low-to-moderate-income individuals and families. Using a Community Land Trust (CLT) model, the buyer only pays for the cost of the home, not the land. The CLT retains ownership of the land, leasing it to the homeowner.

Since this program began in 2007, 13 homes have been rehabilitated and sold to eligible families in St. Louis Park.

Down payment assistance program

The City of St. Louis Park provides down payment/closing cost assistance to first-time homebuyers or those that have not owned a home in the last three years for purchasing a home in St. Louis Park. Employees of St. Louis Park businesses may be eligible for additional funds to encourage them to live where they work.

The loan is a zero percent interest deferred loan up to $15,000, not to exceed 5 percent of the purchase price. An additional $5,000 is available for employees of St. Louis Park businesses. Income restrictions apply.

Visit the Center for Energy and Environment's (CCE) website or call them at 612.335.5884 for complete details.

First-time homebuyer low-interest mortgages
Minnesota Housing, the state’s housing finance agency, offers 30-year mortgages with rates approximately one percent below market rate. Household income limits apply. For more information, call 651.296.8215.  

Foreclosure prevention services and hotline

Community Action Partnership of Hennepin County (CAP-HC) offers foreclosure prevention services to help homeowners who are in danger of losing their homes. The partnership is a nonprofit that works to improve the lives of low-income individuals and families in Hennepin County. Their foreclosure prevention services provide information, advocacy, referrals to additional resources and assistance to homeowners who are having trouble paying their mortgage.

If you are having trouble making your mortgage payments, call the CAP-HC hotline at 952.933.1993.


Marney Olson, Assistant Housing Supervisor