Transformation Home Loans

*2024 Application Update (1/03/24)*
The 2024 Transformation Loan application period is now open. Applications will be accepted on a first-come, first-serve basis and application review may take up to 4-6 weeks. Please contact a Housing Specialist with any questions at 612-861-9778 or 

Forgivable Interest-Free Loans for Large Remodeling Projects

635816297030400000345The Transformation Home Loan program offers homeowners a financial incentive to help pay for large remodeling projects (valued at $50,000+). 

  • Borrow 15% of the project cost, with a maximum loan limit of $25,000
  • No income limits, no payments, no interest
  • For owner-occupied, single family homes
  • The loan is due upon sale of the home or is forgiven after 30 years

See Slideshow of Transformation Home Loan Projects Here


Questions about the loan or application process can be directed to the Housing Specialists at or (612) 861-9778