Home Ownership


	Home Ownership Opportunities
	First Time Homebuyers (FTH) Program FTH participants must meet income and program guidelines. The HRA works with the counties of Kittson, Marshall, Norman, Pennington, Polk, Red Lake and Roseau. Funding for the FTH program is made available annually by the Minnesota Housing Finance Agency. Please view this listing of local lending agencies.
	Community Revitalization Fund (Down Payment Assistance) Deferred loans and low interest loans may be available through the CRF program in the counties of Kittson, Lake of the Woods, Marshall, Norman, Pennington, Polk, Red Lake and Roseau. This program is for persons interested in building new or buying existing homes. The intent is to assist local employers with another tool to attract and retain workers. Training can be a costly item and if we can help put someone in a home, they are more likely to stay in that community and with their current employer. Community Housing Development Organization (CHDO) Minnesota Urban and Rural Homesteading Program (MURL) MURL program funds are used to purchase vacant homes that are in repairable condition and to do the necessary improvements. The home is then sold Contract for Deed to first time homebuyers that are “at risk” at 0% interest for a maximum of 30 years. Payment is 25% of buyers monthly adjusted gross income which goes towards principal plus escrowed taxes and homeowners insurance

Northwest Minnesota Multi-County