6/2/2009 UPDATE: Application is on-line as of today!
Buyers that want to take advantage of the up to $8000 in special funds available for the 55106 and 55411 zip codes made available by the Pohlad Family Giving Foundation need to do their homework and plan ahead. As of today, the funding is NOT yet available at the Dayton's Bluff Neighborhood Housing Services of St. Paul (DBNHS). I spoke with a representative of DBNHS last week who said that the funding should be in place any day now but applications cannot be accepted for the program until the funds are received. Once the funds are in place DBNHS will start accepting on-line applications but be advised it will take 30 days to process the application and first time homeowners are required to take a class before the funds are distributed. The funds will be distributed as a seven year forgivable loan so it cannot be retroactive to your purchase. If you were planning to close on your property at the end of June or first part of July, this may be a problem if you expect to use these funds. The representative at the DBNHS advised to keep watch on the website as the link to the application will be posted as soon as the funds are available. Also remember there are limited funds available and this is a first come, first served program. When the funds are gone, the program is over so it will pay to stay vigilant if you want to take advantage of this unique opportunity. Need MORE information?
- Buying a home on St Paul’s East Side? Understanding the Pohlad Family Foundation Homebuyer Program
- FIRST TIME HOMEBUYERS! Affordability and an $8000 Tax Credit Make NOW the Time to Buy!
If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet, Homebuyers Success Packet or sign up for Listingbook Twin Cities Home Search. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota. Buying a Home? Check out my new HOME BUYER'S BLOG! Copyright 2009 Teri Eckholm http://www.terieckholm.com/ ******************************************************************************************************
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If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet, Homebuyers Success Packet or sign up for Listingbook Twin Cities Home Search. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
Buying a Home? Check out my HOME BUYER'S BLOG!
Copyright 2010 Teri Eckholm http://www.terieckholm.com/
******************************************************************************************************
LIKE MY BLOG? Subscribe and let me email you an update!
Subscribe to Teri's Notes & Anecdotes on Twin Cities Real Estate by Email
Teri
Looks like a great program, and people do need to get their ducks in order and plan ahead. In St. Paul do they still have that little Clair St. Grill?
This looks like a good program for first time homebuyers. We have something similar in NH.
Teri, People need all the help they can get these days and this will surely benefit many...I do hope it goes into effect soon in those zip codes.
Still sounds like it would be worth waiting for, What a great program.
Tom--It is an awesome program! And yes the St. Clair Grill is still on the corner of Snelling and St Clair near Macalester College.
Joan--Best part of this program is it is NOT LIMITED to First time Buyers! Anyone who buys in the 55106 and plans to live in the home for seven years will qualify. The first time buyers do have to take a class as part of the requirements.
Carole--The application went online today...much to the relief of many anxious buyers who would love this to be a part of their purchase!
Terry--Buyers didn't have to wait long...the application is up. Now they just have to wait for final approval from HUD on the program but it is getting closer. :)