Housing Rehab Loans & Grants

The City of Hopkins provides funding to assist low and moderate income homeowners in improving their homes.

Who is eligible?

To qualify for a loan or grant the following requirements are necessary:

  • Must be a Hopkins' homeowner residing in the property to be improved.
  • Must not exceed the income limits as listed below.
  • Must have equity in the property equal to or greater than the loan or grant amount.
Income Limits (effective 3/6/15)
Number in Household Grant Half Loan
One $30,350 $38,225 $46,100
Two $34,650 $43,650 $52,650
Three $39,000 $49,125 $59,250
Four $43,300 $54,550 $65,800
Five $46,800 $58,950 $71,100
Six $50,250 $63,300 $76,350
Seven $53,700 $67,650 $81,600
Eight $57,200 $72,050 $86,900


The maximum grant or loan is $25,000. The grant/loan is filed as a second mortgage on the property and is not assumable upon the sale of the home.

Loans are offered at 3% interest over a 12-year period. Grants do not require repayment, provided the homeowner lives in the home for ten years after the work is completed.

Eligible improvements

Improvements must be permanent. Such improvements include alteration or repairs to the property which correct defects or deficiencies in the property that affect the safety and habitability of the home. Work can also include upgrading the home's energy efficiency. Examples of eligible improvements include:

  • furnaces
  • roofs
  • windows
  • electrical
  • hot water heaters
  • structural repair
  • plumbing
  • insulation

The program is funded through the Community Development Block Grant program under the Department of Housing and Urban Development.


  • Community Development Coordinator

  • For more information:

    Jim Graham,
    Hennepin County

money and house illustration