Homebuyer Resources / Information / Support

Minnesota Homeownership Center – offers a whole range of information and services to people interested in and preparing to become homeowners. The Minnesota Homeownership Center has helped more than 200,000 people get the unbiased information they need to make smart choices to buy or keep their home. They have a network of nearly 50 nonprofit and local government partners across Minnesota that deliver our high-quality programs.

To learn about Home Buyer Training or to get an Advisor, contact them at www.hocmn.org/buyingahome or 651-659-9336.

Build Wealth – has a mission to “Strengthen underserved communities by empowering families to build sustainable social and economic wealth”. They offer classes and support teaching financial literacy, cleaning up credit, preparing to purchase a home, homebuyer education and also offer home loans. Contact them at www.buildwealthmn.org or 612-877-4182

City of Lakes Community Land Trust – has a mission to provide and foster stewardship of perpetually affordable home ownership opportunities for low-  and moderate-income families. CLT’s provide permanently affordable housing by owning the land of a particular property but selling the home on the land to an income-qualified buyer. The homeowner then leases the land from the CLT through a 99-year, renewable ground lease. Contact them at www.clclt.org or 612-594-7150.

Greater Metropolitan Housing Corporation (GMHC) – works to preserve, improve and increase affordable housing for low and moderate income individuals and families, assist communities with housing revitalization as well as create and carry out demonstration projects. They rehab and build affordable, quality homes, offer mortgages and facilitate down payment and closing cost assistance programs.

PRG, Inc. – offers homebuyer training as well as rehabbed and new homes. Contact them at www.prginc.org/homebuyers or 612-721-7556.

  • PRG offers two types of services to first-time homebuyers. For most people, the first step is to meet one-on-one with a HUD-approved homeownership. If you already have a closing date set or are pre-approved for a mortgage, you are ready to attend a HUD-approved homebuyer workshop.

Project for Pride in Living (PPL) offers home buyer preparation services, home buying opportunities and rental opportunities. Contact them at 612-455-5287

Twin Cities Habitat for Humanity – offers families home ownership. Families must demonstrate need, qualify financially, be willing to do “sweat equity” as Habitat volunteers, and complete homeownership training courses. In exchange, families have the opportunity to buy a safe, decent Habitat home with an affordable mortgage payment. Contact them at: www.tchabitat.org/homeownership or 651-207-1700.

Urban Homeworks – Urban Homeworks focuses the combined resources of individuals, churches, businesses, government entities and other nonprofits to transform foreclosed, condemned or boarded properties into dignified, quality places to live. Urban Homeworks offers rental and homeownership opportunities for a broad range of income levels. Contact them www.urbanhomeworks.org or 612-724-9002.

Additional Homeownership Advisors:

  • Comunidades Latinas Unidas en Servicio (CLUES)
    • clues.org; 612-746-3522; languages served: English, Spanish
  • Hmong American Partnership
  • Bii Gii Wiin Community Development

In addition to the partners above, to learn about mortgages and find a lender:

Minnesota Housing Finance Agency (MHFA) – Minnesota Housing finances affordable housing for low- and moderate-income Minnesotans while fostering strong communities.

  • For information on their home loan programs, contact mnhousing.gov and click on “Homebuyers and Homeowners” or call (651) 296-7608.

Rental Property Information and Assistance

SIGNS TO WATCH OUT FOR PREDATORY LENDING:

  • What is predatory lending?

There is no simple definition of predatory lending. Predatory practices are not defined in federal law, and states differ in the way they define predatory lending practices. The following practices are generally considered predatory:

  • Excessive cost – charging interest rates and/or fees that far exceed reasonable compensation for a lender’s costs or risks
  • Equity stripping – lending at a high interest rate, then repeatedly refinancing at a lower interest rate to strip the borrower’s equity in order to pay new points and fees
  • Failure to report borrower credit information – limiting the ability of borrowers to obtain the lowest interest rate available based on the borrower’s complete credit history
  • Steering to higher-cost mortgages – referring borrowers to high-cost loans when they are eligible for lower cost financing
  • Credit insurance products that are financed upfront – including single premium credit insurance that is paid in a single premium or financed in the loan amount

Predatory lending is also addressed by these 10 precautions from the FBI:

  1. Before purchasing a home, research information about prices of homes in the neighborhood.
  2. Shop for a lender and compare costs. Beware of lenders who tell you they are your only chance of getting a loan or owning your own home.
  3. Beware of “no money down” loans. This is a gimmick used to entice consumers to purchase property that they likely cannot afford or are not qualified to purchase. Be wary of mortgage professionals who falsely alter information in order to qualify the consumer for a loan.
  4. Do not let anyone convince you to borrow more money than you can afford to repay.
  5. Do not let anyone persuade you into making a false statement such as overstating your income, the source of your down payment, or the nature and length of your employment.
  6. Never sign a blank document or a document containing any blanks.
  7. Read and carefully review all loan documents signed at a closing—or prior to closing—for accuracy, completeness and omissions.
  8. Be aware of cost or loan terms at closing that are not what you have agreed to.
  9. Do not sign anything that you do not understand.
  10. Be suspicious if the cost of a home improvement goes up when you accept the contractor’s financing.

Resident Resources

We want you to enjoy your community and feel safe in the environment.  Getting to know your neighbors, forming block clubs, being connected with the city resources are all ways to improve and maintain your community.  Below are helpful services and links for your use:

  • When to use 911; when to use 311:  Call 911 whenever a response from police, fire, or ambulance is needed. Examples of proper use of 911 includes emergency situations (such as fires and violent crimes) and other situations requiring a response from police, fire, or ambulance (such as disturbances from loud parties, suspicious activity like prowlers or suspected drug dealing). For all other city services, call 3∙1∙1.
  • To look up property information: http://www.ci.minneapolis.mn.us/propertyinfo/
  • When there are problems, it is very important for residents to call 911 or 311 as appropriate.  For nuisance issues, you can use 311 by either calling “311” or go on-line and input the issue.  You can do so here: http://www.ci.minneapolis.mn.us/311/index.htm.  If there is an issue affecting the neighborhood, contact 311 or 911 – AND have your neighbors do as well.
  • City statistics show that having a block club really helps with both the sense of community and with crime issues.  To get information on becoming a block club leader or to sign up to be a block club leader: http://www.ci.minneapolis.mn.us/police/outreach/blockclubs/index.htm.
  • To receive email crime alerts for your neighborhood, you can sign up by clicking here: http://www.minneapolismn.gov/police/crimealert/WCMS1Q-070530?list=99&nb=32.  It is helpful to know what’s going on around you and to talk with your neighbors about it.

Neighborhoods can watch what’s happening to the homes in their area:

The City of Minneapolis has a website that offers the public a wonderful range of information. Residents can use this information to ensure properties being sold and/or properties being used for investment purposes are following the Ordinances of the City of Minneapolis. Many of these ordinances are in place to ensure safe and functional housing in our neighborhoods.

  1. Check to make sure homes offered for sale have a Minneapolis Truth in Housing Report.

The City of Minneapolis requires that any home offered for sale have a Truth in Sale of Housing Inspection Report completed. The Truth-in-Sale of Housing ordinance is meant to provide accurate information on the condition of property for sale and to help Minneapolis keep up the quality of housing available in the city.

  1. Check to make sure a home you believe is a rental has a rental license.

The City of Minneapolis requires that homes that are used as rental property obtain a rental license. This license requires the owner to provide the information on a local property manager and ensures that the city will perform periodic inspections of the property to see it complies with rental housing ordinances.

To check on a property in your neighborhood:

Go to: http://apps.ci.minneapolis.mn.us/AddressPortalApp/

Enter the address.

The screen below appears.

City of Minneapolis Property Information -- General Information

On the lefthand side, one can click on a number of selections to get information.

  • Click on Truth in Sale of Housing to see whether there is a current Truth in Housing inspection available. Note: The Truth in Sale of Housing (TISH) inspection is valid for two years. However, a new one is needed for each sale/owner.
  • Click on Rental History to see whether there is a current license. This page will show the name, address and phone number for the property manager and the date the last license was obtained.

IF A HOME IS FOR SALE WITHOUT A TISH OR A RENTAL PROPERTY SHOWS NO RENTAL LICENSE, CALL 311 OR GO TO THE CITY OF MINNEAPOLIS WEBSITE AND CLICK ON 311 TO REPORT THE VIOLATION.

Note: the City will keep your information confidential. If the 311 complaint is made on the website, you can receive a copy of the complaint and will receive follow up emails.

There are other reports available on the Property Information page including valuation history, inspection permits (look this one up if you suspect unpermitted work is being performed in an investment property) and special assessments.

Thanks for holding people accountable for keeping and maintaining the properties in our neighborhoods!


North Minneapolis Neighborhoods

Know your neighborhood and connect with your neighborhood organizations:

Northside

clevelandCleveland Neighborhood Association Visit Website

P.O. Box 11635
Minneapolis, MN 55411
Phone: 612-588-1155

The Cleveland Neighborhood is a community with diversity. Each of its residents has a unique perspective, yet all share common goals in their visions of a nice place to live.

Visit the CNA on Facebook

 

folwellFolwell Neighborhood Association Visit Website

1206 37th Ave N
Minneapolis, MN 55412
Phone: 612-521-2100
We are a network of neighborhoods and initiatives in North Minneapolis.
Visit Folwell Neighborhood Association on Facebook

 

harrisonHarrison Neighborhood Association Visit Website

503 Irving Avenue North
Minneapolis, MN 55405
Phone: 612-374-4849
To foster community awareness; to improve the quality of life within our community, to provide a forum for information and communication within our community, to educate residents in the use of effective procedures for resolving problems or initiating improvements, and to unite all efforts within the community in raising and acting on issues of common concern directed toward improving the quality of life.
Visit HNA on Facebook

 

hawthorneHawthorne Community Council Visit Website

2944 Emerson Avenue North
Minneapolis, MN 55411
Phone: 612-529-6033
The Hawthorne Neighborhood Council’s mission is ‘To improve the quality of life in the Hawthorne neighborhood through empowering the residents in order that they can address the physical, cultural, social, and economic needs of the community’.
Visit HCC on Facebook

 

jordanJordan Area Community Council Visit Website

2900 Fremont Ave. North
Suite #108
Minneapolis, MN 55411
Phone: 612-886-4539
JACC’s mission is to organize people, knowledge and capital for the collective empowerment of the Jordan Neighborhood.
Visit JACC on Facebook

 

lind-bohanonLind-Bohanon Neighborhood Association Visit Website
Box 29525
Minneapolis, MN 55429
Phone: 612-588-7641
Neighborhood volunteers working on having fun in the neighborhood with various projects or events designed to educate residents and promote the neighborhood.
Visit LBNA on Facebook

 

mckinleyMcKinley Community Visit Website

3300 Lyndale Avenue North
Minneapolis, MN 55412
Phone: 612-588-7550
The McKinley Community is committed to improving the quality of life in our neighborhood. We are dedicated to the empowerment of all McKinley residents and the creation of successful partnerships with local businesses, organizations, and government agencies to effect positive change.
Visit McKinley Community on Facebook

 

willard-hayNorthside Residents Redevlopment Council – Near North/Willard-Hay Visit Website

1315 Penn Avenue North
Minneapolis, Minnesota 55411
Phone: 612-335-5924
The Northside Residents Redevelopment Council was established to empower the Residents of the Near North/Willard-Hay Minneapolis neighborhoods to be the primary agents for the improvement of social, economic and general livability standards of the neighborhood.

 

shingle-creekShingle Creek Neighborhood Association Visit Website

PO Box 15656
Minneapolis, MN 55415
Phone: 763-561-1616
The Shingle Creek neighborhood, of nearly 1300 households and 3300 residents, is named for the one mile meandering and historical Shingle Creek that flows through its sleepy residential boundaries to the Mississippi River where the forged roofing shingles in the neighborhood were transported in the early 1900’s. The Shingle Creek neighborhood is rich with urban history. Its streets, boundaries, and natural landmarks tell a rich story of how Minneapolis grew and became the thriving metropolis it is today.
Visit SCNA on Facebook

 

vinaVictory Neighborhood Association Visit Website

2200 44th Avenue N.
Minneapolis, MN 55412
Phone: 612-529-9558
The Victory Neighborhood, part of the Camden community, is located in the northwest corner of Minneapolis. It derives its name from Victory Memorial Drive, a lovely parkway running through the neighborhood that was dedicated in honor of Hennepin County soldiers who died in World War I.

 

webber-camdenWebber-Camden Neighborhood Organization Visit Website

1206 37th Ave N
Minneapolis, MN 55412
Phone: 612-521-2100
Webber-Camden is the largest and one of seven neighborhoods in the Camden Community in northwest Minneapolis. Webber-Camden extends from Interstate 94 on the east and Penn and Newton avenues to the west to Dowling Avenue on the south and Webber Parkway on the north.
Visit WCNO on Facebook