Home improvement loans

Do something constructive

Loans of up to $35,000 are available to Bloomington homeowners. There are no monthly payments. Repayment occurs when the home is sold, refinanced, transferred or conveyed. Interest is charge at a simple 4 percent per year for the first 10 years.

All homes built before 1978 will be required to have a Lead Risk Assessment. All lead contaminated surfaces must be addressed as part of the Home Improvement Loan Project.

These loans are offered in an effort to help maintain the condition of housing and neighborhoods in the city. All applications will be ranked and processed according to need. Depending on your ranking, it may take up to 12 months before your application is processed.

Application (204KB, 3-page PDF)
Eligible repairs
Ineligible repairs
Application guidelines
Deadline
Brochure

Eligible repairs

Replacement of roofs, windows, doors, soffit/fascia, siding and gutters
Insulation
Exterior painting
Repair or replacement of electrical systems, heating systems and plumbing
Repairs to foundation and repair of replacement of sidewalks and entry steps

Ineligible repairs

Decorating
Additions
Finishing of basements
Remodeling
Construction of garages
Reimbursement for previously started or completed repairs

Application guidelines

You must have sufficient equity in your home to cover the loan amount. Income guidelines apply, see below.

2012 Housing Rehabilitation Program Application.

Income limits for 2012 program (subject to change)

Household size*	Gross income
1	$45,500
2	$52,000
3	$58,500
4	$65,000
5	$70,200
6	$75,400
7	$80,600
8	$85,800
* All residents of house, related and unrelated, including renters.

Deadline

All applications must be received by March 9, 2012.

For more information, contact:

Housing and Redevelopment Authority
PH: 952-563-8937, TTY: 952-563-8740, FAX: 952-563-4977
E-mail:hra@ci.bloomington.mn.us