Check Out LNA’s New Housing Programs
LNA is currently offering four housing loan programs:
Single Family Revolving Loan Program - Provides loans for improvements to single family, condos, townhomes, and cooperatives in Lyndale. Loan amounts range from $3,000 to $15,000 and can be used to correct outstanding code violations, improve energy efficiency, and general improvements.
Multi-Family Revolving Loan Program - Provides loans for improvements to multi-family housing units in Lyndale. Loan amounts range from $3,000 to $30,000 depending on the number of units in the building and can be used to correct outstanding code violations, improve energy efficiency, and general improvements.
Affordable Housing Loan Program – Provide loans to support affordable rental and home ownership opportunities in Lyndale. Loan amounts range from $3,000 to $30,000 depending on the number of units in the building and can be used to correct outstanding code violations, improve energy efficiency, and general improvements.
Homebuyer Assistance Deferred Loan Program – Provides deferred loans to assist Lyndale renters in purchasing homes in the Lyndale Neighborhood. The maximum loan amount is $2,500 at zero percent interest. Applicant(s) must be a first time homebuyer and must have rented in the Lyndale Neighborhood for the prior year.
You can find out all the details by checking out the LNA Home Loan Program Page. Questions, not sure which program is right for you, contact Norma at 612.824.9402 ex 15 for more information or to schedule a meeting to find out more information about LNA and CEE’s home improvement programs.
