| Implementing Sector | State |
|---|---|
| Category | Financial Incentive |
| State | Minnesota |
| Incentive Type | Loan Program |
| Web Site | Minnesota Housing Finance Agency - Fix-Up Loan Program |
| Administrator | Minnesota Housing Finance Agency |
| Funding Source | Fix-Up Fund |
| Eligible Renewable/Other Technologies | Solar Thermal Electric, Solar Photovoltaics, Wind (All), Wind (Small), Other Distributed Generation Technologies |
| Eligible Efficiency Technologies | Water Heaters, Lighting, Furnaces, Boilers, Air conditioners, Programmable Thermostats, Caulking/Weather-stripping, Building Insulation, Windows, Doors, Roofs, Comprehensive Measures/Whole Building, Insulation |
| Applicable Sectors | Residential, Multifamily Residential, Low Income Residential |
| Maximum Loan | $25,000. Applicants may be eligible for higher loan and term amounts depending on income |
| Loan Term | Property must be owner-occupied |
| Loan Repayment Terms | 10 - 20 years |
| Interest Rate | Interest rate of 4.99% |
The Minnesota Housing Finance Agency’s (MHFA) Fix-up Loan provides low-interest financing for energy conservation and other basic improvements to residential properties. A higher loan amount may be available for improvements that enhance the accessibility of the home for a disabled family member. Loans are available for up to $25,000. To be eligible for the loan, the home must be occupied by the property owner.
Another key feature of the MHFA home improvement loan program is the opportunity for homeowners to contract with approved lenders directly. Find a participating lender at this link.
