Fridley: Emergency Deferred Loan Program

To qualify for this program borrower(s) must not be eligible for any other financing administered by CEE.

The intent of the Fridley Emergency Deferred Loan Program is to provide funds to owner-occupants of properties who face emergency home repairs and are unable to obtain funds to repair the problem(s) through traditional loan sources. With this in mind, applicant’s eligibility for other financing will be analyzed prior to consideration of the Emergency Deferred Loan Program.

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.  

Loan Terms

  • Loans from $500 - $10,000

  • 0% APR

  • The Deferred Loan is 100% due if the property ownership changes or a time period of 20 years whichever comes first.

Property Eligibility

  • 1-4 unit residential

  • Owner occupied

  • Property must be within the City of Fridley boundries

Types of Improvements

Eligible improvements will be determined through a required analysis of the emergency condition of the property.

Residential Advisor Visits

CEE will assist residential property owners in the City of Fridley with assistance in prioritizing and evaluating improvements to their property through a home visit. This service is available regardless of whether the homeowner chooses to obtain a loan. One visit is permitted per household.

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).