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Fix Up Fund
The Fix-up Fund is a statewide program that offers affordable, low-interest fixed rate home improvement loans. Now, Fix-up Fund borrowers who complete eligible energy-saving home improvements may qualify for an Energy Saver Rebate. To be eligible for the Energy Saver Rebate, homeowners must secure financing with a Minnesota Housing Fix-up Fund loan.
Fix Up Fund Application
Eligibility Requirements:
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Household income at or below $96,500 (the income limit may be waived if the improvements are being made for the accessibility of a family member with a disability)
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Property must be owner-occupied
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Single family homes, duplexes, triplexes or four-plexes are eligible
Loan Features
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Hire a contractor or do the work yourself.
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Maximum loan term of 10 or 20 years based on loan amount.
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Loan amounts from $2,000 to $35,000
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A higher loan amount may be available if the improvements are being made for the accessibility of a family member with a disability.
Eligible Home Improvements with the Fix-up Fund
Most improvements to the accessibility or energy efficiency of a home, or general repairs are eligible, such as:
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windows
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insulation
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a new furnace
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central air conditioning
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electrical wiring
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a new roof
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a garage
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septic repairs
In addition to energy-saving upgrades, homeowners may also finance renewable energy improvements. These include solar thermal, solar electric and wind turbines/generators.
Ineligible improvements
Swimming pools, hot tubs, gazebos and other recreational or entertainment facilities. Mobile homes are not eligible to receive Fix-up Fund financing unless they are fixed on a permanent foundation and taxed and financed as real property.
