Homeownership Access Fund

To help repair egregious homeownership disparities, Urban Homeworks (UHW) has launched a down payment assistance program called the Homeownership Access Fund. This program is intended to serve current or past North Minneapolis residents seeking to purchase a home in North Minneapolis. This assistance is in the form of a $20,000 grant—this is a stackable grant that can be used towards down payment and closing costs, including prepays and principle reduction.

The Homeownership Access Fund is funded through private donations, with a goal of redistributing $200,000 by 2025. If you’d like to help fund this program, please reach out to Paul Vliem, Development Director, at PaulV@urbanhomeworks.org

a decorative image of houses from above, the UHW logo in the corner

DETAILS

Timeline & Process:

  • UHW staff will review applications in the order in which they are received.
  • If selected, a UHW staff member will contact you to schedule an informal interview about your application.
  • Proof of homeownership class completion is required before funds can be disbursed.
  • Proof of accepted offer in the designated North Minneapolis neighborhoods must be given before funds can be disbursed.
  • Funds will be wired to the title company on the day of closing.

ELIGIBILITY

Once all criteria are met, priority will be given to current Urban Homeworks’ residents.

Applicants must be:

  • A first-time homebuyer (“First-time homebuyer” is defined as someone purchasing their first ever home, OR someone who hasn’t owned a home in the last six years.)
  • Currently living in or displaced from the following North Minneapolis neighborhoods: Harrison, Near North, Jordan, Willard-Hay, Hawthorne, Sumner-Glenwood. (If displaced, proper verification will be needed to prove prior residence to this neighborhood.)
  • Seeking to purchase a home in one of the following North Minneapolis neighborhoods: Harrison, Near North, Jordan, Willard-Hay, Hawthorne, Sumner-Glenwood.
  • Property Eligibility: single-family home, 1-4 unit detached, townhome, condominium, co-op, and manufactured homes titled as real property in the following North Minneapolis neighborhoods: Harrison, Near North, Jordan, Willard-Hay, Hawthorne, Sumner-Glenwood 

For questions or more information about this program, please reach out to Temi Ogunrinde, Equity & Engagement Director, at TemiO@urbanhomeworks.org.