We're testing a new way to do online services. Visit our Services Directory - use it and tell us what you think!
The OCHRA in partnership with Minnesota Housing Finance Agency (MHFA) can provide low interest loans to improve homes. These loans can be used to hire a contractor or the work can be completed by the owner.
The maximum loan amount is $25,000 with a below market fixed interest rate. There is no down payment required and no prepayment penalty.
Electrical wiring, a new roof, room additions, a garage, septic repairs are just some of the possibilities. Most improvements to the livability, accessibility, or energy efficiency of a home are eligible.
Ineligible improvements include: fireplaces, swimming pools and other recreational or entertainment facilities. Mobile homes are not eligible to receive home improvement financing unless they are on a permanent foundation and taxed as real property.
Funds are available throughout the year.
Rob Mathias, OCHRA Staff: inspections, and bidding
507 328-7154 or by email
Minnesota Housing Finance Agency (MHFA):general program information
www.mnhousing.gov or 800 657-3701