Housing Rehabiliation Loan Program

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The City of Eden Prairie offers a zero-interest, deferred loan up to $20,000 for low and moderate income households to maintain, repair and improve their Eden Prairie homes.

  • Eligible improvements include repairs necessary to make your home a safer, more energy efficient place to live. This includes new roofs, siding, windows, electrical, plumbing, heating and insulation.
  • Program guidelines and income requirements are subject to change. 

Eligibility Criteria

  • You must be an Eden Prairie resident and own your home.
  • You must have enough equity in your home to cover the loan amount.
  • You must be current on mortgage payments, deed payments, property taxes, homeowners insurance and home owner’s association dues (if applicable).
  • Your household income must not exceed the maximum income limits by household size. This is based on your gross earnings and includes all income, including wages, child support, alimony, etc. Income limits are revised yearly. 

Eligibility is determined by household income and amount of equity in the home:

HUD Income Limits
Income Limit

Repayment Timeline
After Loan Origination
Percent of Principal Due
0-10 100
11 90
12 80
13 70
14 60
15 50
*when home is sold

Since the value of these repairs and improvements tends to depreciate over time, the repayment amount also depreciates.

If the home is sold within 11 years of the loan date, the entire principal amount is due. On the 11th anniversary of the loan origination date, 90 percent of the loan principal is due. Each subsequent year, the loan principal due decreases 10 percent until it is forgiven after 20 years.

For more information contact Jeanne Karschnia at 952-949-8486.

Related Information
Eden Prairie Rehabilitation Loan Application [PDF]
Energy Rebates, Programs and Financing Opportunities
Free Energy Audit and Identifying Eligible Improvements [PDF]

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