Washington Family

"I'm grateful this program is available to homeowners!" - Melissa Washington, Loan Recipient 

Melissa Washington’s home needed quite a few repairs. The furnace was old, the windows were drafty and the siding needed to be replaced. She worried about how she would pay for all of the repairs. Then she heard about home loan programs through the City of Coon Rapids.

Washington says, “I wanted to check out these options because I planned to live in my home for many years. I knew I needed to make the repairs but I didn’t have enough money to cover all of the costs. The loan program was well worth it! I’m so happy I looked into this program.”

Washington used the Zero Interest Home Rehabilitation Deferred Loan, which uses federal Community Development Block Grant (CDBG) funds. This program is designed to address the burden that low and moderate income families are dealing with as it relates to housing maintenance, deteriorating home conditions and energy use. Residents who meet income guidelines are eligible to receive up to $24,999 to improve the overall quality of their homes.

Thanks to the loan program, Washington was able to get new windows, furnace, siding and aluminum trim, entry door, plumbing, electrical and hand railings. She says, “My home looks great! I’m very happy I took the time to research this program and I’m grateful it is available to homeowners.”

Zero interest loan funds are available for low and moderate income households. No monthly payments are required and up to 50 percent of the loan is forgiven if you remain in your home for five years. To learn more about this program and other programs offered, contact the HousingResource Center at 651-486-7401 or visit their website.

Exterior of Home BEFORE

Home Loan Program BEFORE

Exterior of Home AFTER

Home Loan Program AFTER