Home rehabilitation loans for low-income residents
Deferred loan program
Hennepin County offers deferred loans up to $30,000 for repairs that address basic safety, maintenance and health concerns, as well as home improvements. Loans are offered at zero percent interest and are deferred until the sale of the home, or are forgiven after 15 years. Household income limits apply. For more information, contact Hennepin County housing rehabilitation staff at 612.348.9260.
Emergency Repair Program
The city offers emergency repair grants for households below 50% area median income to make immediate emergency repairs such as furnace replacement, roof repair, plumbing or electrical emergencies, etc. This program is administered by Sustainable Resources Center (SRC). For more information contact SRC at 612-813-5524.
The Center for Energy and Environment (CEE) offers a variety of loan programs aimed to promote energy efficiency to strengthen the economy while improving the environment. Below are a few examples of the programs they offer. For more information on any of the programs, contact the CCE Lending Center at 612.335.5884.
Low-interest home improvement loanLow-interest home improvement loans can be used for most interior and exterior home improvement projects, such as roof replacement, new windows and kitchen or bath remodeling. Loans amounts range from $2,000 to $35,000. Interest rates are between three and four percent and are determined by household income. Income limits apply.
Move Up in the Park deferred loan program
The Move Up in the Park deferred loan program is designed to help residents desiring a larger home stay in St. Louis Park. If you are planning to add new living space to your home, this loan can cover up to 25 percent of project costs with a maximum loan of $25,000 and zero percent interest. Income limits do apply. No payment is required until the sale of the home, and the loan will be forgiven if the borrower remains in the home for 30 years.
Note: You must be adding living space by physically adding on to your home, such as a bump out or bump up. A basement or attic remodel of existing spaces does not qualify.
Home energy loanThe Home Energy Loan Program is available for home improvements that increase energy efficiency, such as adding insulation, replacing windows or replacing a furnace.
Townhome and condo association loans
Townhome and condominium associations that need help financing improvements to common areas can petition the City of St. Louis Park to create a housing improvement area (HIA). The HIA enables the city to provide a low-interest loan that is repaid over a 10- to 15-year period through fees paid by the homeowners with their real estate taxes. The association must show that it is unable to obtain a loan through conventional sources. For more information contact Marney Olson, assistant housing supervisor, at firstname.lastname@example.org.
Remodeling advisor service
The city partners with the Center for Energy and Environment (CEE) to make remodeling advisor services available to St. Louis Park homeowners. Their experienced remodeling advisors will come to your home to discuss your remodeling ideas at no charge. They can answer questions about renovating existing space or building an addition and contractor bids. To schedule your appointment, call CCE at 612.335.5856. Limit one home remodeling advisor visit per household.
Architectural design service
St. Louis Park makes it easy for residents looking to do home additions to consult with an architect. The city, in partnership with the American Institute of Architects (AIA) Minnesota, will cover most of the two hour consultation cost (a $250 value). Homeowners pay only $25 and may choose to meet with one of 20 participating architects. A consultation can help ensure that your new addition fits seamlessly with the style of your existing home and is compatible with your neighborhood. For more information, read 20 questions to ask when working with an architect. Limit one architectural design visit per household.
Home Energy Squad
The Home Energy Squad program is designed to help residents reduce energy use and save money while staying comfortable in their homes. For $50, a team of trusted energy consultants will come to your home, identify places your home is losing energy and install materials to help you start saving, such as door weather stripping, a water heater blanket and programmable thermostats. They will also help with next steps, such as finding contractors and rebates. All single-family and duplex homeowners are eligible. Sign up for an energy squad visit online or call 612.335.5874.
Energy efficient rebates
The city matches 50 percent of utility rebates for energy efficient furnaces, water heaters and air conditioners, in addition to air sealing and insulation. Thermostats are not eligible for a city rebate. Mail a copy of the utility rebate you received within one year of the rebate check date to the St. Louis Park Community Development Department, and a city rebate check will be mailed to you.
Things to keep in mind during home remodeling
When you are making home improvements, make sure the water meter and meter interface unit (MIU) remain accessible after the work is complete, and that the wiring between the meter and MIU is not damaged. Damage to these items may cause incorrect water meter readings. View the "How do I make sure my water meter of meter interface unit (MIU) is not damaged when I am doing home remodeling work?" FAQ for more information.
Marney Olson, Assistant Housing Supervisor