News

Houses for Heroes

Houses for Heroes Provides up to $20,000 to help purchase a home

The Minneapolis Houses for Heroes program is administered by the Greater Metropolitan Housing Corporation. We support our troops. This program provides Reservists and National Guard members who are currently deployed in the Global War on Terror, or who have returned from deployment, with up to $20,000 in assistance in the form of a zero interest loan to purchase a home in Minneapolis.  Contact us for more information on this program and the application process.

 

 

Housing Policy.org Article

Solutions in Action – Bridge to Success Contract for Deed

Bridge to Success is a new and remarkable approach to homeownership – a combination of education and counseling that aims to revitalize the potential owner’s credit and increase their ability to borrow when the time comes. Bridge to Success leads to the revitalization of family homeownership dreams. Read More

 

Federal Reserve Bank of Minneapolis Article:

Contract for deed emerges as a tool for affordable housing organizations

Nonprofits are using this alternative home-financing option to help prospective buyers who cannot yet qualify for a traditional mortgage.

 

InsightNews.com Article :

Area nonprofit working to create home buying opportunities for those hurt by mortgage crisis

“The mortgage and credit crunch has hit many Minnesotans especially hard, but one group is working to put people in homes, while at the same time restoring their credit.

SHOP (Sustainable Home Ownership Program) Home Mortgage, a non-profit based out of St. Paul, is working to get individuals who cannot qualify for traditional bank mortgages into homes using a buying strategy known as contract-for-deed. If the buyer is successful in the program, that person can transition out of the contract-for-deed into a traditional, fixed-rate bank mortgage.”

 

Bridge to Success

Other Media Coverage for Bridge to Success

We’ve received great media coverage concerning out unique Bridge To Success contract for deed program in Insight News, Saint Paul Pioneer Press and the Star Tribune.