About the Program

The Minneapolis Homes: Access Down Payment Assistance program provides eligible homebuyers with up to $20,000 in assistance for down payments and closing costs. Targeted at first-time homebuyers and those affected by foreclosure, the program requires household income to be at or below 80% of the Area Median Income.

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Loan amounts and income limits

The amount you can receive is determined by:

• Your income, and
• The area median income (AMI) for your household size

You can receive:

• $10,000 If your income is at or below 80% of the AMI.
• $20,000 If your income is below 60% of the AMI.

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Use of funds

The funds can be used to:

• Buy a home for you and your family to live in.
• Make a down payment and cover standard closing costs.

You should know

• You may not combine funds from more than one City program to buy the house.
• If you are purchasing on a Contract for Deed, the City must approve it.

Education requirement

You must complete a homebuyer class before you can use the funds.

Find approved programs

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