Minnesota Housing is starting a new program year for the Minnesota City Participation Program.
(Published Sep 16, 2019)
A new program year is beginning for Minnesota Housing’s Minnesota City Participation Program (MCPP), which helps cities provide first-time homebuyer loans in the community. Cities can learn more about the program during a webinar on Oct. 22.
By partnering with Minnesota Housing, eligible first-time buyers in participating cities will have access to an affordable start-up loan program and down payment and closing cost loans up to $15,000. Minnesota Housing can connect cities to approved lenders and help cities market this opportunity to homebuyers.
Minnesota Housing accepts new applications each year from Jan. 2 to Jan. 15. Each participant can apply as a city, county, or multi-county. First-time homebuyers access the program through local approved lenders. Minnesota Housing provides monthly updates on how many buyers in your community are being served by the program.
For more information, contact Nicola Viana, Minnesota Housing, at (651) 297-9510 or firstname.lastname@example.org.
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