Home Improvement Loan Program

Administered by Minnesota Housing Finance Agency · Minnesota

BENEFIT

Up to $27K

Deadline type: rolling

Eligibility Requirements

1Deferred, no-interest loans up to $27,000 to low-income homeowners
2For improving safety, livability, or energy efficiency of homes
3Income limits range from $21,000 for single person to $30,000 for four-person household
4Other borrower assets cannot exceed $25,000

Eligible Project Types

Residential

STACKING POTENTIAL

Home Improvement Loan Program is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the Home Improvement Loan Program compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: Minnesota Housing Finance Agency official program page ↗ · Last verified 2026-06-23

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STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

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