Mortgage program aims to help homebuyers in Minneapolis

  • Article
  • Updated: April 7, 2009 - 11:41 PM

The $2 million program offers buyers as much as $10,000 in forgivable loans toward a down payment, closing costs or repairs for vacant or foreclosed single-family houses or duplexes.

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murba1Apr. 7, 09 5:24 PM

So nice to be paying for all the slobs who have ruined properties and moved on. Meanwhile no credits, incentives or tax breaks to continue to live in Minneapolis.

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murba1Apr. 7, 09 5:25 PM

So nice to be paying for all the slobs who have ruined properties and moved on. Meanwhile no credits, incentives or tax breaks to continue to live in Minneapolis.

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donm251Apr. 7, 09 5:35 PM

Looks like to Minneapolis has to pay their citizens to live there...and then tax'em to the max.

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drhortonApr. 7, 09 6:12 PM

rates are 5%.If you need help buying a home at this rate well !?@*@#@?%$#

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outziderApr. 7, 09 6:28 PM

Four comments, all of them useless. This is a great idea, trying to get people to settle in houses that have been left open by people who couldn't afford to live there or had some poor decisions. $10,000 isn't much, but putting it toward a good down payment or repairing a house is awesome.

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jaesuhnApr. 7, 09 6:35 PM

These aren't incentives to help people to buy a home as much as they are incentives to get people to live in rundown empty neighborhoods. It's to help the city, not really the people.

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depchjmrApr. 7, 09 6:50 PM

that the same people that were foreclosed on will be brought back to these homes

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pfbramApr. 7, 09 7:32 PM

Price propping -- that's all this is, no more no less. If Minneapolis were serious about filling up these homes it would require the owner (the bank, probably) to put it up for auction, starting at $1, and require it be sold to an owner-occupant who plans to homestead it.

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pfbramApr. 7, 09 7:46 PM

Don't be naive -- $10,000 down payment is simply incentive for the bank that owns the property to raise the price $10,000. As for the moronic commentor who called this socialism, where is the worker-owned bank, the propertyless and classless society? Get real, dude.

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lvonleheApr. 7, 09 8:02 PM

In a few years, you will be told by the Obama adminstration where you will live and where you will work and how much you can spend. It will be determined by the "Green" committee that optimizes your life.

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