City of Minneapolis – Community Planning & Economic Development
Browse all grants to compare opportunities across agencies.
Latest opportunities (1)
City of Minneapolis – Community Planning & Economic DevelopmentMNFirst-Time Homeowner0 percent interest deferred down payment and closing cost assistance loan with no monthly payments
Updated: Dec 6, 2025
Minneapolis’ down payment assistance loan provides $10,000–$20,000 in gap financing for income-qualified first-time homebuyers in the city, based on household AMI, to cover down payment and closing costs.
Eligible for: First-time homebuyers purchasing a primary residence in Minneapolis who meet income limits (≤80% or 60% AMI depending on assistance level), …
Funding: Provides up to 10000 dollars for households at or below 80 percent of area median income and up to 20000 dollars for households below 60 percent of area median income to help with down payment and standard closing costs.Deadline: Rolling while funds are available; HUD AMI limits are updated annually and the city updates income guidelines each spring.RollingLocalhomebuyerfirst-time homebuyerlow- to moderate-income homebuyerdown payment assistanceclosing cost assistance