CDBG Loan Program
Homeowners may receive a maximum of $25,000 for basic home improvements such as windows, siding, electrical wiring, plumbing, roofing, heating, energy saving improvements, or improvements to meet the needs of a disabled person. The primary focus of the funds is to be used for health, safety and weatherization issues. The loan is “deferred” meaning that it is interest free and requires no monthly payments. It is a mortgage that will be filed on your property. You need to pay the loan back in full when you sell the property, refinance the property, if it ceases to be your primary residence or after 30 years.
Homestead Incentive Program
To aid in the revitalization of St. Cloud Core Neighborhoods and help counter the trend of non-owner occupied homes. The St. Cloud HRA will provide an incentive to qualified buyers who purchase and homestead a St. Cloud Core Neighborhood property with a deferred loan of $3,000.
Core Neighborhood Map
MHFA Rehab Loan Program
Homeowners may receive a maximum of $24,999 for rehab of health, safety, and/or weatherization related issues if they are within the City limits of St. Cloud and the home is owner-occupied. The loan is “deferred” meaning that it is interest free and requires no monthly payments. It is repayable at time of sale, refinance or ceasing to be owner's primary residence or foregiven after 15 years.
Rental Rehab Deferred Loan (RRDL) Program
Now accepting completed applications for funding! Applications will be accepted and reviewed on a first-come first-serve basis.
St. Cloud HRA has received RRDL funding for properties within the St. Cloud city limits and is available to eligible properties. RRDL funding is provided to approved owners and properties as a 0% interest deferred loan. Funds can be used to cover the costs of eligible project soft costs and rehabilitation items. Common rehab items include roofing, siding, windows, doors, floor coverings, painting, appliances, plumbing, HVAC and mechanical systems.
RRDL funding is only available to properties meeting rent and tenant income limit requirements. In addition, owners of approved projects must agree to maintain rent and income limits for a set compliance period based on the term of the loan.
Please note, only completed applications with all required attachments will be accepted. Application instructions and notes are provided to make the application process as simple as possible. Applications or questions should be directed to Shannon Adamski (email@example.com) or Jason Neuerburg (firstname.lastname@example.org) or call 320-252-0880.
Single Family Homes
The Neighborhood functions of the St. Cloud Housing and Redevelopment Authority includes the implementation of a number of programs to promote homeownership, neighborhood improvements and programs that serve low- to moderate income families.