Minneapolis CPED is requesting feedback about proposed changes to their home improvement lending products (see link below). Submit comments to owneroccupiedrehab@minneapolismn.gov with the subject line “Home Improvement Feedback” by Friday, November 12, 2021.
The changes to their funding products are part of a broader shift in how CPED processes owner-occupied rehabilitation loans. To learn more visit our Home Improvement Engagement website, which includes a video and survey about the broader procedural changes proposed.
Key changes include:
Improving our capacity through neighborhood-based intake centers
Increase funding available to homeowners below 80% AMI (area median income)
Streamline our lending process