Shakopee Residential Rehab Loan Program
Administered by Scott County CDA
Residential Rehab Loan Program
The Shakopee Residential Rehab program is a resource made available through the Local Affordable Housing Aid (LAHA) funds that were established through a dedicated sales tax in the seven-county metropolitan area. This particular program assists low- and moderate-income homeowners with making improvements and repairs to their homes and will be administered by the Scott County CDA.
Home Improvement Loans are commonly used for:
- Roof replacement
- Furnace replacement
- Electrical and plumbing repairs
- Insulation
- Improvements for special needs, such as ramps, bathroom or kitchen modifications
Home Improvement Loans feature:
- Zero percent interest
- No monthly payments
- Repayable when ownership changes or you move from the property. You may be required to repay the loan if you refinance your home or take out a home equity loan.
- $15,000 loan minimum; $35,000 loan limit
Do I qualify?
Eligible applicants must:
- Own their home
- Have sufficient equity in the property
- Have a satisfactory credit history
- Have a gross annual income within the program income limits.
How to Apply?
To apply to the Home Improvement Loan program, select “Apply Now” and one of our staff will be in contact with you for any necessary follow up steps
