City of Moorhead offering no-interest loans for home improvements

(Moorhead, MN) -- The City of Moorhead is offering thousands of dollars in no-interest, no-payment loans to qualifying homeowners to make home improvements and repairs.

"Moorhead has a great housing stock but you know in this part of the country we have a lot of older homes.  Sometimes those homes need updates and it's not always easy for homeowners to get that done.  Sometimes it's tough to get the financing," said Joshua Huffman, Community Development Program Administrator for the City of Moorhead. 

Huffman says up to $25,000 can be borrowed.  To qualify, a two person household can not exceed $58,450 in annual income.  Also, the property must be older than 15 years.  The loans are first come first serve.  Use the link below to learn more. 

LINK: https://cityofmoorhead.com/residents/housing/home-improvement/cdbg-home-rehabilitation-loans