Homeowner & Renter Resources

HOUSING LOANS

All of Hawthorne’s housing loan programs are administered through The Center for Energy and Environment (CEE) in Minneapolis. These loans can be used for down payments, rehabs and emergency repairs. To find out more about these loans, please contact CEE at 612-335-5884.

Home Improvement Revolving Loan

Loan Terms

  • Loan amounts from $1,000 – $15,000
  • 4% APR
  • Fixed interest rate
  • No maximum income limit
  • Terms up to 10 years
  • This loan is secured by a mortgage on the property
  • Closing costs apply

Property Eligibility

  • Owner-occupied and absentee-owned 1-4 unit residential properties
  • Individual condominium, and/or townhouse units are eligible.
  • Properties held in a trust are eligible.

Types of Improvements

  • Eligible projects include most interior and exterior permanent improvements.
  • 2 bids are required from qualified, licensed contractors for projects over $5,000.
  • For do-it-yourself projects, a materials list including prices is required. The cost for labor and equipment purchase or rental may not be included in the loan.

Funds are held in a non-interest bearing escrow account at CEE from loan closing until the work is completed and all final documentation is received.

Emergency Repair Loan

Loan Terms

  • Loans from $1,000 – $6,000
  • 0% APR
  • Fixed interest rate
  • Loan will be deferred until the borrower sells, transfers title or is no longer owner-occupied, at which time 100% of the loan is due
  • Borrower must not be eligible for any financing administrated by CEE

Property Eligibility

  • 1-4 unit residential
  • Owner occupied
  • Property must be within the Hawthorne neighborhood

Types of Improvements

An emergency is defined as an imminent condition that makes a house uninhabitable, dangerous to the occupants, or is capable of causing severe health problems. Repairs that will remedy such emergencies are eligible. Examples of eligible repairs include, but are not limited to, water lines, sewer service, fire hazards, repair to exterior steps, railings, retaining walls, water seepage into basement, structural problems, or replacement of a furnace or hot water heater. Repairs that will remedy such emergency repairs are eligible and will be determined by a CEE representative.

Purchase Assistance Deferred Loan

Loan Terms

  • Loan amounts up to $5,000
  • 0%  APR
  • Fixed interest rate
  • No income limits
  • 10-year term, after which the loan is forgiven if the property has not been sold, transferred and is still owner-occupied
  • Funds may be used for down payment or closing costs
  • Homebuyer(s) must attend a Home Stretch workshop or other valid homebuyers course offered through an approved counseling agency by the US Department of Housing and Urban Development.

Property Eligibility

  • Owner-occupied residential structures
  • 1-4 unit properties located in the Hawthorne Neighborhood
  • Townhomes, condominiums, and properties held in a trust are eligible

The current loan terms and conditions stated, including interest rates, do not constitute a commitment to lend or an offer to enter into an agreement, and that such an offer may only be made pursuant to Minnesota Statutes, Section 47.206(3) and (4).

RENTERS’ RIGHTS RESOURCE

HomeLine is a hotline that provides FREE and confidential legal advice to renters to help solve their rental issues. They can be contacted at (612) 728-5767 or emailed at homelinemn.org/email.

HOUSING PROGRAMS OPERATING IN HAWTHORNE

Green Homes North

HOUSING DEVELOPERS OPERATING IN HAWTHORNE

The Hawthorne Neighborhood Council works with many developers, along with the City of Minneapolis, to repair or build new housing in the neighborhood. These partners include:

PPL: This non-profit developer has built and rehabbed homes in Hawthorne’s EcoVillage, in addition to building Green Home North houses in the neighborhood.

PRG: This non-profit developer is currently building a Green Home North that will be placed on the market in the fall. They also provide homeownership classes.

Urban Homeworks: This non-profit developer rehabs single and multi-family homes. They then either manage and rent these properties or sell them to homeowners who face homeownership barriers.

Habitat for Humanity Twin Cities: This non-profit developer built several homes in the Hawthorne EcoVillage, including a NetZero home.

 

 

 

 

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