SSP Multi-Family Home Improvement Loan

Small apartment

The South St. Paul Economic Development Authority is making funds available for homeowners to make improvements to their properties.  Center for Energy and Environment shall serve as the administrator for the South St. Paul Loan Programs and will secure the most beneficial financing based on the borrower’s needs independent of the funding source. This program will be available starting in November of 2023.

Features of this loan include:

  • Fixed 6.5% interest
  • Loan term of up to 15 years
  • Maximum loan amount: $50,000
  • Income limit: 120% AMI based on family size. There is no income limit if the borrower is a business.

Eligible projects include:

  • Most permanent exterior or interior projects, including but not limited to:
    • Roofing and/or siding 
    • Windows and/or doors
    • Insulation
    • Solar
    • HVAC
    • Electrical
    • Plumbing
    • Garage replacement/new construction
    • Interior remodeling 
    • Driveways
    • Sidewalks/steps
    • Fences and/or permanent landscape 

Do I qualify?

Eligible applicants must:

  • 2-16 unit non-owner occupied properties located within South St. Paul (townhomes and condos eligible)
  • Be a legal resident of the United States of America or a business registered with the MN Secretary of State. Businesses must be at least 2 years old and have a positive cash flow on the most recent Federal Tax Return.
  • Meet credit requirements specified in the program details

Click Here for Complete Program Details and to Apply