Housing Programs Summary

LNA 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.

Espanol

The City of Minneapolis, Department of Community Planning & Economic Development (CPED) has established a city-wide, low-interest loan program to provide financing for energy efficiency upgrades to large (structures of 4 stories or more containing more than 10 dwelling units) Multi-Family rental properties.

The program will help remove financial barriers and allow property owners to obtain the capital needed to make energy efficiency improvements. Loans will be structured in such a way that the energy savings would fully or substantially offset the debt service on the loan. The loans would target significant energy system upgrades including boilers, water heating and distribution systems, and control systems.Minimum Requirements for Eligibility

by Fred Retzloff
As an introduction, a goal for today’s meeting was established and agreed upon by members of the Committee: our objective was to engage in further discussion regarding the proposed locations of the transit station and arrive at a final recommendation to be presented to policy makers.

The First Annual Lyndale Home Tour will take place on September 17 from 2 to 5 pm.  The tour is being organized by LNA's Housing Committee. The tour will feature a guided tour of  four homes starting at 3223 Blaisdell Avenue.

Participants will have the opportunity to explore diverse housing styles and hear from homeowners about their experiences and ideas. These homes have been transformed top to bottom while preserving their original charm and character.  Some homes have been featured on the Mpls/St Paul Home Tour or Lyndale Garden Tours (and now you can personally see inside).

By Mark Hinds

The plans for a newly constructed Nicollet Avenue took a step forward this week.  On Tuesday, August 23rd the City's Transportation and Public Works Committee approved the 30 percent layout for the project.  The 30 percent layout established things such as street width, turning lanes, stop lights, etc... that allow the design team to move forward with the final design for the project.

At the July 27, 2011 Nicollet Avenue Steering Committee meeting the City of Minneapolis released updated layout information for Nicollet Avenue.

About the Housing Committee

Text about the Housing Commitee

Upcoming Events

February General Membership

Monday, February 27

At this meeting we will hear from participants in this year’s Lyndale Women’s Leadership Program, discuss and potentially vote on proposed Community Action Plan for a Children’s Theater Workshop this summer in Lyndale, and hear about what’s going to happen at this year’s Open House

Lyndale Open House

Thursday, March 22

Join us on Thursday, March 22nd for the 2012 Lyndale Open House. We'll have great food from local restaurants, fun carnival games for the whole family, a silent auction, and all the information you could possibly want about what's happening in your neighborhood.

Your Neighborhood Needs You!

Please donate to Lyndale today!

Latest Housing News

Volunteer Special

Childcare Superhero
Both the Women’s Leadership and ESL Programs provide childcare enabling community members who would otherwise be unable to attend.  Be a superhero and volunteer as a childcare assistant!  We need helpers Tuesday and Thursday from 5:30-7:30 and every other Friday from 5:15-8:30.  Contact Aryca at 612-824-9402 ext. 26 for more information!


Sign Up for Neighborhood Updates

Resource Links

Housing Committee Materials

Minutes