Help More First-Time Buyers in Your Community
The Minnesota City Participation Program (MCPP) through Minnesota Housing can help you effectively and efficiently provide first-time homebuyer loans in your community, with minimal administrative burden. By partnering with Minnesota Housing, eligible first-time buyers in your area will have access to our affordable Start Up loan program and downpayment and closing cost loans up to $12,000. We’ll connect you to our approved lenders and help you market this opportunity to homebuyers.
How It Works: Minnesota Housing uses tax-exempt bonding authority to fund our first-time homebuyer loans in your community. We take new applications January 2-15 each year. Participants can apply as city, county, or a multi-county. This year, we have 38 participants that divide $56.6 million in bonding authority. Allocation amounts are based on population with a minimum allocation of $100,000.
Interested in Learning More? Please join us for a Webinar on Wednesday, October 25 from 10-11 a.m. to learn about the Minnesota City Participation Program for 2018. Register here. Contact Nicola Viana with questions at 651.297.9510 or firstname.lastname@example.org.