Minneapolis Advantage offers help for homeowners

3:38 AM, Apr 8, 2009   |    comments
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On Tuesday, Minneapolis Mayor R.T. Rybak and several city council members announced the opening of a city-funded home mortgage loan program.

The program is called Minneapolis Advantage and it will provide $10,000 of forgivable loans to help people buy a home in Minneapolis.

According to the City of Minneapolis' website, the Minneapolis Advantage Program is designed to help potential buyers purchase a home in areas challenged by foreclosure.

The program offers 200 loans at $10,000 each that can be used to pay for closing costs, down payment, or even small repairs to the home.

To learn more about Minneapolis Advantage Click here.

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