Minneapolis has received a $750,000 grant for North Side tornado repairs from Minnesota's Housing Board.
The money is to be dispensed in interest-free loans of up to $30,000 repayable when the house sells. The 30-year interest-free loans will be available for households earning less than 115 percent of area median income.
In other closely related new, an arrangement has been worked out for Minneapolis homeowners with tornado damage to access loans from a separate $1 million Quick Start fund that was awarded to the city by the state. So far, only five North Side homes have received Quick Start money, for a total of about $150,000.
Source: Star Tribune