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Contact Information

Contact Information

Housing and Redevelopment Authority


Home Improvement Loan Program


Bloomington Home Improvement Loan program provides Bloomington owner-occupied households the ability to access funds to maintain, repair and improve their homes

Am I eligible to apply?

  • All applicants must be owner-occupants of their homes. 
  • Homes must be at least 10 years old. 
  • All applicants must be at or below income limits. 
  • Property equity less than 30% of the assessed property value or $30,000, whichever is greater. 
    • Homeowners who are age 55 or older and/or on a fixed income (including, but not limited to Social Security/SSI disability, unemployment, etc.) as their primary source of income are exempt from the equity limits.
  • Gross assets do not exceed $50,000; excluding one automobile per adult permanently residing at eligible property. 
  • Applications will be accepted on an ongoing basis. For more information, call 952-563-8937.

How much money can I borrow?

  • Maximum Loan Amount: $40,000
  • Interest Rate: 2% Simple

No Monthly Payments - The loan is due upon sale, refinance, transfer or conveyance of the property, or when the property is no longer the legal residence of the applicant. Interest will accrue for the first 10 years of the loan. Interest is not compounded. Loans may be pre-paid but must be a lump sum.

What improvements are eligible? 

  • Repairs for health and safety requirements.
  • Code repairs for electrical, heating and plumbing.
  • Lead paint stabilization*
  • Energy efficiency improvements.
  • Exterior improvements such as siding, roofing, gutters and downspouts, windows, driveways, foundation repairs.
  • Interior finishes.

* Required for all homes built before 1978.

What improvements are NOT eligible?

  • Work in progress or completed prior to loan commitment.
  • Recreational facilities such as pools, gazebos, hot tubs, and patios.

What are the income limits for loans to improve owner-occupied homes?

Household size 80% 100%
1 $62,600 $82,740
2 $71,550 $94,560
3 $80,500 $106,390
4 $89,400 $118,200
5 $96,600 $127,656
6 $103,750 $137,112
7 $110,900 $146,568
8 $118,050 $156,024

as of December 1, 2022

  • Income limits based on  a percentage of the Area Median Income for our region, Minneapolis-St. Paul-Bloomington. These are calculated yearly by HUD 
  • Applicants between 80% and 100% income must obtain a letter of denial from a MN Housing network lender in order to be eligible.
  • Based on current gross income from all household members* plus 0.5% of all assets.

* All persons residing in the house, to include all related and unrelated renters and boarders.

How do I apply?

Download a PDF application and return to Bloomington HRA staff by email