SNG reduces rates for loans to 2.5%

44686_521937507826421_183183553_nFROM THE SEWARD NEIGHBORHOOD GROUP

The Seward Neighborhood Group (SNG) has allocated NRP Phase II funding for home improvements within the Seward neighborhood. Eligible applicants
include owner occupants and rental property owners of 1-4 unit buildings: 2.50% fixed interest rate. $12,000 maximum. Flexible terms up to 10 years. Eligible improvements include exterior, energy, mechanical and electrical improvements. No income limits.
Also, Seward residents taking out Community Fix-up Fund loans will have their interest rate reduced to 2.50%. There is a $20,000 maximum with flexible terms up to 15 years. Most improvements are eligible including interior remodeling and additions. The income limit is $96,500. Seward neighborhood residents who face emergency home repairs and are unable to obtain funds from other sources to repair the problem can borrow up to $5,000, and the loan can be repaid when the house is sold.
Seward homeowners are eligible to participate in Community Energy Services (CES), a comprehensive residential energy efficiency program. CES offers homeowners free educational workshops, energy saving materials installed, and customized home energy visits. Participants also gain access to unique financing and rebates for energy efficient upgrades in their homes. For more information please contact Ashley Robertson at 612-335-5869 or visit
www.mnces.org.
SNG has contracted with the Center for Energy and Environment (CEE), a locally based nonprofit, to administer the neighborhood’s home improvement loan programs.
If you would like additional information or have questions, contact Doug Wise, SNG housing coordinator, at 612-338-6205, ext. 102, or doug@sng.org. Doug is available to provide free advice on your home.

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