City grants for home buyers…it can pay to live and work in the ‘Park’

There are a number of city-sponsored down payment and housing improvement assistance programs available right now, including the new foreclosed home programs in Minneapolis and Dakota County that Leslie talked about in a post last week and a new Bloomington home improvement program.

Stlouispark2 What is unique about St. Louis Park's new 'Live Where You Work' program is that it is an outright grant, repayable only if you sell within three years…available to homeowners who both work and buy in St. Louis Park. It is not limited to first-time homebuyers, age is not a factor, and it is not limited to foreclosed homes. Qualifying income limits are $97,000 for a family of four and $77,000 for a two-person household.

If at least one buyer works anywhere in the city, St. Louis Park is offering a grant of $2,500 to buy a home there. If it is a foreclosed property, they will chip in an additional $1,000. The grant can go toward a down payment, closing costs or other financing needs. Some banks are participating in the program by offering incentives, and employers are invited to contribute as well. For more information, see 'Live Where You Work' on their city website and/or contact St. Louis Park Housing Supervisor Michele Schnitker at 952-924-2571.

Check out what programs may be available in the city where you live or are planning to buy.

Sharlene Hensrud, RE/MAX ResultsEmailSt. Louis Park Realtor


Written By

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

Related Posts

Weekly real estate market update 4/19/24… should you rent or buy right now?

đź–¨ Print Article New and coming soon listings increased a bit this week, but nothing dramatic. Still, everything is moving on an upward trajectory. Showings also ticked up a bit,...

Should I Wait for Mortgage Rates To Come Down Before I Move?

đź–¨ Print Article This is a question I hear a lot these days. Many buyers talk about waiting to buy, thinking interest rates will come down. Others have decided to...
1 Response
  1. Thanks a lot blogger for such a nice and informative post about property buying .
    Keep blogging
    TITLE: Do You Have a Plan For Home Design Style In Your Favorites
    DATE: 12/25/2011 02:57:55 AM
    Modern house plans new houses in New Zealand is a popular subject for those who want to. There are several ways to choose the right architectural design company, but the ultimate control of the construction plans and designs to offer you is to find a n…

Subscribe to Our Newsletter for Market Updates & Mid-Century Modern Listings

Our weekly HomesMSP Update includes current local market information and a curated list of mid-century modern properties for sale, plus posts from an inspector, a lender, a stager, info about neighborhoods, life in the Twin Cities… even recipes!


Blog Categories


Sharon and John Hensrud

About Us

The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.