Armatage Home Improvement Program

The Armatage Neighborhood Association (ANA) has made City of Minneapolis Neighborhood Revitalization Program (NRP) funds available to property owners of the Armatage Neighborhood to make exterior home improvements. Program funds may only be used for improvement projects started after the homeowner has received approval and they have closed on their loan.

Program Information

Emergency Deferred Loans

Proof of Income

Contractors

Optional Sweat Equity (do-it-yourself)

Disbursement of Funds

Remodeling Advisor

Program Forms

Armatage Application

Contractor Completion Certificate

Homeowner Installed Completion Certificate

NRP Payment Procedure

Contractor Participation Agreement

NRP/CPED Loan Subordination Policy

Emergency Deferred Loan

Definition of Emergency

An emergency is defined as an imminent condition that makes a house uninhabitable, extremely dangerous to the occupants, or is capable of causing severe health problems.

Loan Amount

• Minimum: $1,000
• Maximum: $5,000

Income Limit

• Applicant’s annual household income not to exceed 50% of AMI (see chart below).
• Income is based on your adjusted gross income from applicant's most recent Federal Income Tax Return.

Interest Rate(s)

• 4% fixed

Eligible Properties

• 1-2 unit owner-occupied residential homesteaded structures located in the Armatage neighborhood.

Eligible Improvements

• Loans will only be used to finance repairs to emergency conditions as defined above and verified by CEE as determined through an Emergency Confirmation Inspection of the property.

Loan Term

• Loan is 100% forgiven if the homeowner continues to own and live in the property for 10 years.

Proof of Income

• A copy of your most recent 1040.
• If you are employed: submit copies of your two most recent paystubs.
• If you are retired: submit a copy of your social security benefits or pension.
• If you are self-employed: submit copies of your Federal Tax Returns for the last 2 years.

Contractors

Loan recipients must submit bids or materials lists. All contractors must be properly licensed to work in the City of Minneapolis. The Center for Energy and Environment will verify that contractors are licensed and it is important that you are satisfied with the bid or estimate you have selected. The Center for Energy and Environment offers assistance in helping you compare and understand the estimates you collect.

Optional Sweat Equity (for the do-it-yourselfer)

Applicants must clearly demonstrate the ability to complete high quality work within the required time period. Loan funds will be allowed for materials only, property owners will not be compensated for their labor. Note: Loan funds will not be disbursed until the project is complete.

Disbursement of Funds

You will have 30-180 days (depending on the loan program) from the date of your loan closing with CEE to complete your improvements. You must close on the loan prior to beginning project(s). Loan funds will be paid only after the work is completed and inspected and the following is provided:

• Signed completion certificate by the homeowner indicating satisfaction with the work and authorizing payment to the contractor
• Signed completion certificate by the contractor
• Final contractor invoice
• Lien waiver from the contractor for the entire amount of the project; homeowner must turn in receipts for sweat equity projects
• Evidence of required building permits
• CEE inspection of the property to verify the completion of the work when required by the neighborhood

Remodeling Advisor

If you need assistance in identifying and prioritizing improvements, the Center for Energy and Environment offers a Remodeling Advisor Service where you can receive objective remodeling advice. The service is free to Armatage residents and includes an informational visit to your property and assistance with collection and evaluation of bids. To schedule an appointment call 612-335-5856.

Additional Financing Available

Minnesota Fix-Up Fund

The Minnesota Fix-up Fund is a statewide program that offers loans at below market interest rates to homeowners. The fix-up fund was established to improve the basic livability and/or energy efficiency of the borrower's home. Eligible projects include interior or exterior improvements, general remodeling or maintenance items.

Home Energy Loan Program

The Home Energy Loan Program is a statewide program that offers low interest loans to homeowners that want to make energy improvements to their properties. This program is only offered by the Center for Energy and Environment.

Rental Energy Loan Fund

The Rental Energy Loan Fund provides financing to owners of residential rental properties to increase the energy efficiency of their buildings. The Minnesota Department of Commerce sponsors the Rental Energy Loan Fund using Exxon Oil Overcharge funds. This program is only offered by the Center for Energy and Environment.

MHFA Rental Rehabilitation Program

The Rental Rehabilitation Loan offers owners of residential rental properties low interest financing to complete improvements that increase the livability of the property including interior or exterior projects, general remodeling or maintenance issues.

Contact Jim Hasnik at (612) 335-5885 for more information.