Anoka Senior Deferred Loan

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The City of Anoka HRA has allocated funds for senior homeowners of owner occupied residences in the City of Anoka to make general improvements to their properties. 

The guidelines below are subject to change at any time without notice. Loan funds are subject to availability. Email or call for complete details. 

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Hablamos Español: 612-335-5856

About the Loan

  • 0% (.108% APR)*
  • No monthly payments.
  • Loan amounts from $1,000 to $10,000.
  • No down payment required. 

*APR based on $10,000 for 30 years

Property Eligibility

  • 1-4 unit owner occupied residential properties in the City of Anoka.
  • Condominiums and townhomes are eligible.
  • Properties under construction or held in Trust are not eligible.
  • Loan approval is subject to credit and program guidelines.
  • At least one borrower must be at least 62 years of age. 

Loan Details

  • 0.108% APR*
  • Loan is secured by a mortgage on the property.
  • Loan is forgiven after 30 years. 100% of the loan is due upon selling, transferring or the property is no longer owner-occupied prior to 30 years.
  • Closing costs apply.

*APR is based on $10,000 for 30 years.

  • At least one borrower must be at least 62 years of age. 
  • Most permanent interior and exterior improvements are eligible.
  • A site visit conducted by a CEE representative is required to prioritize eligible improvements.
  • For do-it-yourself projects, a materials list including prices is required.  The cost for labor and equipment purchase or rental may not be included in the loan. 
  • Funds are held in a non-interest bearing escrow account at CEE from loan closing until the work is completed and all final documentation is received.  

Remodeling Advisor Visits are designed to help homeowners get started on their home improvement projects. During a visit, one of our experienced remodeling advisors will come out to your house to discuss potential remodeling projects, help you prioritize projects, assist in reviewing contractor bids, or answer any questions. This service is free for Anoka homeowners and is limited to one visit per household.

To schedule your appointment, contact Cristina Lussio at 612-335-5856.

The current loan terms and conditions stated, including interest rates, do not constitute a commitment to lend or an offer to enter into an agreement, and that such an offer may only be made pursuant to Minnesota Statutes, Section 47.206(3) and (4).

Browse Other Anoka Loans

Thanks to Anoka's partnership with CEE, we offer additional loan programs for Anoka residents.


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Not sure what program works for you? Contact us.