Friday, October 23, 2009
Even MORE NoMi Downpayment Assistance!
Guest post and photos by the Hawthorne Hawkman
The photo above is from a press conference in Hawthorne celebrating the success of the Minneapolis Advantage program. Piggybacking on that downpayment assistance is a whole slew of neighborhood incentives. I just received word that one such program is expanding...
The following appeared on Facebook from www.livemsp.org: The Pohlad Foundation just expanded the $8,000 Home Buyer Assistance to include both the 55411 Zip Code (Willard Hay, Near North, Hawthore and Jordan) & 55412 (Cleveland, Folwell and McKinley) This is $8,000 Down Payment Assistance - 0% Deferred Loan (no monthly payment) forgiven after 7 years of continued ownership & residency. Available through Neighborhood Housing Services of Minneapolis, Inc. @ 612-521-3581.
This is such good news that Chipper the Entrepreneurial Squirrel stopped gathering nuts momentarily to tell me how happy he is.
For those who may not know, Neighborhood Housing Services administers funds for many of the neighborhood assistance programs in NoMi. The ones NHS doesn't cover are housed at the Center for Energy and Environment (including Hawthorne's downpayment assistance and rehab assistance programs).
So we've got historically low home prices and interest rates here. The Minneapolis Advantage allows for up to $10,000 in assistance, many neighborhoods offer up to $5,000, the Pohlad Family Foundation is chipping in up to $8,000, and Obama's tax credits (which MIGHT expire in November) also help out with up to $8,000. That's as much as $31,000. What are you waiting for? Check out NoMi today!