Rental Deposit Loan - Todd County Housing and Redevelopment Authority - HRA
Security deposit program - A maximum loan of $500 with annual percentage of 2% simple interest - Loans are repaid within 12 month period with a minimum monthly payment of $35 secured by a personal note from the borrower. All repayments will be deposited into the Revolving Loan Fund, to be made available for additional applicants. Loans not repaid within 12 months will be submitted to the State of Minnesota Revenue Recapture Program.
Categories
Last assured
01/18/2024
Physical Address
300 Linden Avenue South, Browerville, MN 56438
Voice
Voice
Application process
Call
Fee
Call for information
Required documents
Call for information
Eligibility
Residents of Todd County needing assistance with rental security deposit Applicant household income must not exceed 80% of the area median income as determined by HUD Applicants must demonstrate the ability to repay loan. The HRA will have sole responsibility and authority to determine eligibility based on third party verification, credit references, and rental history
Service area
Todd County, MN
Agency info
Todd County Housing and Redevelopment Authority - HRA
Housing and Redevelopment Authority