Upgrade your home
Do you want to improve your home, but you can’t fit it into your budget? Bloomington HRA Home Rehabilitation Loans, ranging up to $35,000, may be able to help. Fix up your home with a Rehabilitation Loan that does not include monthly payments and accrues interest at a low rate of 2 percent for 10 years. Borrowers do not have to pay back the loan until the home is either transferred, sold or is no longer the owner’s principal place of residence. The loans are available only to Bloomington homeowners, and are meant to help make repairs to meet health and safety requirements, such as bringing lead paint, heating, electrical and plumbing requirements up to City code, making homes more energy efficient, and making exterior improvements such as roofing upgrades. For more information or to apply for a loan, call
952-563-8937 or visit online at blm.mn/loans.