Family Housing Fund Post-Purchase 2-4 Unit Loan Program

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The Family Housing Fund is making funds available for homeowners of owner-occupied 2-4 unit residential properties to make qualified improvements to their properties. 

This loan is available across the 7 County Metro (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington Counties). The guidelines below are subject to change at any time without notice. Loan funds are subject to availability. Please call or email us for complete details.

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About the Loan

  • Loan amounts from $1,000 to $10,000.
  • Terms from 1 to 7 years.
  • No down payment required. 
  • No prepayment penalty. 


  • 2-4 unit owner-occupied residential properties located in the 7 County Metro (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington Counties).
  • Single family homes, townhomes, condominiums, properties with more than four units, cooperatives, manufactured properties and properties used for commercial purposes are not eligible.
  • Loan approval is subject to credit and program guidelines.

Current Rates

Subject to change at any time. APR based on loan amount of $10,000. 

Rates starting at Term APR as low as Payment example
0% 5 years 0% $16.67
0% 7 years 0% $11.90

Calculate My Payments

Based on current rates. Qualifications apply.

Loan Details

  • This loan is secured by a mortgage to the property.
  • No closing costs.
  • Income limits apply. 
  • Interior and exterior improvements, repairs or replacements (including garage, fence, decks, patio, etc.) that preserve the basic livability and rentability of the property are eligible. Non-permanent appliances and basic amenities, including those provided to tenants under the terms of a lease ARE eligible. Emergency repairs and remedies for documented or anticipated code violations are eligible. Eligible improvements will be prioritized by a CEE representative.
  • 1 bid is required from a properly licensed contractor.
  • 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. Such an offer may only be made pursuant to Minnesota Statutes, Section 47.206(3) and (4).

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Not sure what program works for you?

Contact us and we will find the right loan for you.

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