Windom Park: Emergency Deferred Loan

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

Windom Park Citizens in Action (WPCiA) has allocated funds to eligible Windom Park property owners  for emergency improvement needs, but do not qualify for other home improvement loan or grant programs. The guidelines below are subject to change at any time without notice. Loan funds are subject to availability. Please call us at 612-335-5884 for complete details.

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 Terms

  • Loan amounts from $500 - $5,000

  • 0% APR

  • ‚ÄčIncome limits apply

  • Loan is due (100%) upon sale or transfer of ownership of the property prior to the 15 year term. The loan is 100% forgiven if the borrower retains ownership for the entire 15 year term. 

  • This loan is secured by a mortgage on the property

  • Closing costs apply

Property Eligibility

  • 1-4 unit owner-occupied residential homesteaded structures located in the Windom Park Neighborhood

  • Properties under construction or held in Trust are not eligible

Types of Improvements

  • Eligible improvements include repairs to emergency conditions as defined above and verified by CEE as determined through an Emergency Confirmation Inspection of the property.

  • 1 bid is required from qualified, licensed contractors for projects under $5,000. 2 bids are required for projects over $5,000.

  • For do-it-yourself projects, a materials list with 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. 

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).