The Roseville Economic Development Authority offers the following programs for home improvement financing: 

Ramsey County Critical Repair Program

This program provides up to a $5,000 grant for health, safety and code repairs that have not been completed due to the affects of COVID-19. Grant distribution is currently on a first-come, first-served basis. Eligibility period ends March 31, 2023, or when funds have been exhausted. This program is administered by the Community Action Partnership of Ramsey and Washington Counties. To apply, call 651-603-5935 or email chrp@caprw.org.

Grant Amount: Up to $5,000
Eligible Properties: Single family homes in suburban Ramsey County
Income Limits: Yes

Last Resort/Emergency Deferred Loan Program

This program provides up to $10,000 in an emergency to repair issues that make a home uninhabitable, dangerous, or are contributing to severe health problems.  This loan has a 0% interest rate and is deferred, with repayment occurring at the time of future sale.

Interest Rate: 0%
Loan Amount: $500 - $10,000
Loan Term: Repaid when borrower sells, transfers ownership, or no longer occupies property as primary residence.
Eligible Properties: 1-4 unit owner occupied properties, including condos, townhomes, mobile homes
Income Limits: Yes
Eligible Improvements: Including but not limited to: water lines, sewer service, fire hazards, repair to exterior steps, railings, retaining walls, water in basement, structural problems, furnace/water heater replacement.

Manufactured Home Improvement Program

This provides up to $10,000 for interior or exterior improvements to manufactured homes. The loan is repaid over 10 years at a 4% interest rate.

Interest Rate: 4%
Loan Amount: $500 - $10,000
Loan Term: Up to 10 years
Eligible Properties: Residential mobile homes
Income Limits: No
Eligible Improvements: Most interior and exterior improvements

Roseville Home Improvement Loan

Loans of up to $40,000 for interior or exterior improvements for single family homes and interior improvements for condominium and townhomes. The loan is repaid over 10 years at a 3% interest rate.

Interest Rate: 3%
Loan Amount: $10,000 - $40,000
Loan Term: Up to 10 years
Eligible Properties: 1-4 unit owner occupied properties, including condos, townhomes, mobile homes. Properties must be at least 25 years old and estimated value cannot exceed $326,590.
Income Limits: No
Eligible Improvements: Property inspection required to determine eligibility. If no code violations or concerns exist, most interior and exterior improvements qualify. Required to schedule a Home Energy Audit prior to closing.

Ramsey County Residential Rehab Deferred Loan Program

Provides up to $20,000 for interior and exterior improvements to a home. The loan is forgiven at 10% per year and fully forgiven if you remain in the home for at least 10 years. This program is administered by Slipstream, Inc. To apply, call 1-800-525-6214 or email RCLoan@slipstreaminc.org.

Loan Amount: Up to $20,000
Eligible Properties: Single family homes in suburban Ramsey County.
Income Limits: Yes
Eligible Improvements: Most interior and exterior improvements qualify. 

Senior Deferred Loan Program

Provides up to $25,000 for interior and exterior improvements to a home. The loan includes a 0% interest rate, with repayment deferred until the time of future sale.

Interest Rate: 0%
Loan Amount: $5,000 - $25,000
Loan Term: Repaid when borrower sells, transfers ownership, does a cash-out refinance, or no longer occupies property as primary residence.
Eligible Properties: 1-4 unit owner occupied properties, including condos, townhomes, mobile homes. Properties must be at least 25 years old and estimated value cannot exceed $326,590.
Income Limits: No
Eligible Improvements: Most interior and exterior improvements qualify. 

If you are interested in any of these programs, or to obtain additional information, visit the Lending Center or call them 612-335-5884.