Land Bank Twin Cities, Inc. (LBTC), in partnership with the City of Minneapolis’ Community Planning and Economic Development (CPED) Department, is proud to announce the Single-Family Investor-Ownership Intervention (SFIOI) Pilot Program, which aims to disrupt the trend of investor ownership of one-unit properties and reduce racial disparities by creating homeownership opportunities for households below 80% AMI.
This Pilot Program provides participating developers with 0% deferred loans for up to 75% of the purchase price of eligible properties in accordance with Minneapolis Homes Financing Program Guidelines.
The application period is open from Monday, February 12, 2024, through Friday, February 23, 2024 or until all 12 spots are filled. If you are interested in participating, please apply as soon as possible for consideration.
