Fridley Emergency Deferred Loan

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The intent of the Fridley Emergency Deferred Loan Program is to assist properties that face emergency repairs and are unable to obtain funds to correct the needed repairs.

Applicant’s eligibility for other financing will be analyzed prior to consideration of the Emergency Deferred Loan. 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% (0.125% APR)*
  • No monthly payments.
  • Loan amounts from $500 to $10,000.
  • No down payment required. 

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


Property Eligibility

  • 1-4 unit residential properties located in the City of Fridley.
  • Owner-occupied.
  • Loan approval is subject to credit and program guidelines.
  • To qualify for this program borrower(s) must not be eligible for any other financing administered by CEE.

Loan Details

  • Income limits apply.
  • Closing costs apply.
  • Loan term is 30 years. If the borrower has not sold or transferred title and still occupies the property 30 years from the date of the loan, the loan is 100% forgiven. If the borrower sells, transfers title of the property or the property is no longer occupied by the borrower prior to 30 years, the loan is 100% due and payable.
  • 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. 


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

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 Fridley 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).

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