As this weekend's storms that damaged or destroyed entire towns in Illinois and Indiana have proven, the weather in the upper Midwest can be brutal on our homes. But even if you haven't experienced devastating storm damage, every home will eventually need repairs and major systems (furnace, roof, etc.) will require replacement. Informed consumers who take the Center's homebuyer education course, Home Stretch™, or our online version, Framework®, understand that owners should strive to save 1-2% of a home's purchase price EVERY YEAR for future maintenance.
At the Minnesota Homeownership Center, we understand that setting aside funds for future maintenance can be difficult and sometimes repairs or maintenance of major systems can occur unexpectedly. For that reason, every quarter the Center produces a Home Rehab/Repair Matrix that helps homeowners identify home repair and rehab programs throughout Minnesota that can help with emergency repair, energy efficiency, lead hazard abatement and other general repairs. Some of these programs are outright grants that cover the cost of the repair/rehab while others are loans, usually with below-market interest rates. Most of the programs are designed for low- to moderate-income homeowners and have income limits.
The most recent version of the Home Rehab / Repair Matrix is now available and contains information on dozens of programs that can help Minnesota homeowners with repairs or maintenance on their homes.
For a copy of the complete Home Rehab / Repair Matrix, as well as additional information for homeowners, visit the Center's website, here.