Local homeownership center Community Neighborhood Housing Services (CNHS) has received the maximum possible grant from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI.) The $1,453,806 will be used primarily as lending capital to help Twin Cities homeowners make repairs and necessary improvements. As a nonprofit homeownership center, CNHS makes funds available often at rates well below the market.
“We are thrilled to have received this grant and bring these funds to the Twin Cities to support sustainable homeownership,” said Jason Peterson, Executive Director of CNHS. “With this additional support for our organization we will be able to serve an estimated 70 households through home improvement lending, down payment assistance, and rehab loans to improve our housing and stabilize neighborhoods.”
Homeowners interested in applying for home improvement or repair loans should begin by calling Community Neighborhood Housing Services at 651-292-8710. Help is available for families with incomes at or below 120% of median income ($108,000 for family of four).
Community Neighborhood Housing Services is a community based nonprofit organization located in Saint Paul, MN. Specializing in foreclosure prevention, home improvement loans, and new homeowner education, CNHS serves the seven-county metro area with special program emphasis in the city of Saint Paul. The organization currently provides services in English and in Hmong. More information is available atwww.communitynhs.org
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