Our partnership with Northside Residents Redevelopment Council (NRRC) provides down payment assistance to residents of Near North and Willard-Hay.

Looking to buy a home in the North Side? You could get up to $10,000 in down payment assistance!

NeighborWorks Home Partners has partnered with the Northside Residents Redevelopment Council (NRRC) to provide homeownership support to residents of the Near North and Willard-Hay neighborhoods. This partnership includes the Homebuyer “Entry Cost” Assistance Deferred Loan Program, which provides up to $10,000 in down payment assistance!

As of 11/3/2023, this program is out of funds. Please keep checking this page for updates.

Who qualifies?

Anyone buying a 1-4 unit property that they intend to occupy as their primary residence. Applicants do not have to be first time homebuyers. Purchasers of condominium or townhome units are eligible to participate in the program, as are purchasers through a community land trust.

How do I apply?

Your loan officer will submit your application for you. For single loans, please allow 35 days to close from the time the application is submitted. For participants with two loans, allow 45 days to close.

Information for Loan Officers

Program Guidelines

download as a PDF
download the Near North base map
download the Willard-Hay base map

Program Overview: The NRRC has updated and revised its Neighborhood Revitalization Program (NRP)-funded homeownership programs available to Near North and Willard Hay residents, which are designated for home improvements and homebuyer assistance. Guidelines for the Homebuyer “Entry Cost” Assistance are listed below, but home improvement guidelines may be accessed on the Near North/Willard-Hay Homeownership Programs page.

Loan Amount: up to $10,000.

Eligible Use of Funds: These funds may only be used for down-payment, closing costs related to the purchase of the subject property, or to reduce the principal amount to reach an affordable monthly payment.

Interest Rate & Deferred Loan Term: The interest rate is zero-percent with a loan term of 7 years. The loan will be 100% forgiven after seven (7) years of continued occupancy and ownership from the date of loan closing.

Loan Security: All NRP loans will be secured with a mortgage in favor of the City of Minneapolis.

Applicant Eligibility: Anyone buying an eligible property who intends to homestead and occupy the property as their primary residence. Applicants do not have to be “first time homebuyers.” Purchasers of condominium or townhome units are eligible to participate in the program, as are purchasers through a community land trust. Contract for deed purchasers are not eligible.

Property Eligibility: 1-4 unit dwellings that are or will be owner-occupied and located with the geographical boundaries of the Near North or Willard-Hay neighborhoods. Condominiums and townhomes are eligible.

Homebuyer Education: First time homebuyers should complete one-to-one financial wellness counseling. Approved providers: Department of Housing and Urban Development, Minnesota Homeownership Center, Minnesota Housing Finance Agency

Application Process: Your loan officer will submit your application for you. Please allow 35 days to close for 1 loan and 45 days to close for 2 or more loans from the time the complete application is submitted. Lender Timeline is available here: View lender package/timeline.

Disbursement of Funds: Funds will be disbursed to the closing agent, for the benefit of the borrower, in coordination with the purchase closing.

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NeighborWorks Home Partners

NeighborWorks Home Partners’ mission is empowering individuals and communities by helping people buy, fix and keep their homes. Learn more.

651-292-8710 | Staff Directory
Main Office:
533 Dale Street N.
Saint Paul, MN 55103

Minneapolis Office:
1930 Glenwood Avenue
Minneapolis, MN 55405
hello@nwhomepartners.org

EIN 41-1386089

An Affirmative Action, Equal Opportunity Employer

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