SSP Senior Deferred Home Improvement Loan

The South St. Paul Economic Development Authority is making funds available for homeowners to make improvements to their properties. Center for Energy and Environment shall serve as the administrator for the South St. Paul Loan Programs and will secure the most beneficial financing based on the borrower’s needs independent of the funding source. This program will be available starting in November of 2023.

Features of this loan include:

0% interest
The loan is 100% due when the borrower sells, transfers ownership, cash-out refinance or no longer occupies the property as the borrower's primary residence
Maximum loan amount: $25,000
Income limit: 120% AMI based on family size.

Eligible projects include:

Most permanent exterior or interior projects, including but not limited to:
- Roofing and/or siding
- Windows and/or doors
- Insulation
- Solar
- HVAC
- Electrical
- Plumbing
- Garage replacement/new construction
- Interior remodeling
- Driveways
- Sidewalks/steps
- Fences and/or permanent landscape

Do I qualify?

Eligible applicants must:

Own and live in a 1-4 unit owner-occupied property located within South St. Paul (Contracts for Deed are eligible)
Be at least 55 years of age and have owned or occupied the property for at least the past 5 years prior to the loan application
Be a legal resident of the United States of America