East Phillips Rehab and Emergency Loan

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The East Phillips Improvement Coalition (EPIC) has made funds available to improve homes in the East Phillips neighborhood.

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

Definition of Emergency:

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

About the Loan

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


Property Eligibility

  • 1-4 unit owner-occupied residential properties located in the East Phillips Neighborhood.
  • Townhomes, condominiums and properties held in the name of a Trust are eligible.
  • Loan approval is subject to credit and program guidelines.

Loan Details

  • Fixed interest rate.
  • Loan is due (100%) upon sale or transfer of ownership of the property prior to the 15 year term. 100% of the loan is forgiven if the borrower owns and occupies the property for 15 years.
  • Income limits apply.
  • Closing costs apply.
  • This loan is secured by a mortgage on the property.
  • Borrower(s) must be U.S. citizens, permanent resident aliens or non-permanent resident aliens.
  • 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. 


  • Most exterior and major mechanical improvements such as plumbing, electrical, roofing, siding, driveways, sidewalks and steps, garage repair or replacement.
  • Energy efficiency improvements such as heating and air conditioning, water heating, insulation, energy star rated windows and doors and solar. 
  • 2 bids are required from a properly licensed or registered contractor with the MN Department of Labor for projects over $5,000. 
  • For do-it-yourself projects, a materials list including prices is required. The cost for labor and the purchase of tools may not be included in the loan.

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).

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