What is the Homeowner Rehab Loan Program?
This Homeowner Rehab Loan Program offers Saint Paul homeowners no-interest deferred loans for basic home improvements. These include:
- Basic and necessary improvements for health, safety, and habitability
- Energy efficiency improvements
- Lead-based paint hazards
- Plumbing, electrical, and mechanical repairs
- Roofing repairs and replacement
- Accessibility ramps
For a full list of qualified improvements, view program guidelines.
Qualified homeowners can receive up to $40,000 to fund basic improvements. Homeowners eligible for the Inheritance Fund can receive up to $80,000. Staff contact applicants via phone and email on a first-come, first-served basis as funding allows. Once funding is secured, the City of Saint Paul will pay contractors after project completion.
Eligibility Requirements
- Applicants must own and occupy the home in Saint Paul. Check eligibility boundaries with our interactive map.
- The home must be their principal residence for the term of the loan.
- Applicants must earn 80% Area Median Income (AMI) or less with an asset limit of $25,000 (excluding retirement accounts). See income requirements.
- The property must have four units or fewer.
Financing Terms
All Homeowner Rehab loans are 0% interest with a 15-year term. Forgiveness starts after five years and is forgiven at a rate of one-tenth annually. Repayment is deferred until the borrower sells, transfers the title, or no longer lives in the home. Loans are fully forgiven if the terms are met, and the homeowner remains in the home for the full 15-year term.
Please note there is high interest in this program.