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Minnesota Housing outlines loan and down-payment options, flags lower county uptake
Summary
Minnesota Housing representative Greg Krentz told the Sherburne County EDA that statewide programs deliver thousands of loans and substantial down-payment assistance, and he noted Sherburne County’s comparatively low use of down-payment assistance despite allocations and local mortgage activity.
Greg Krentz, a representative of Minnesota Housing, told the Sherburne County Economic Development Authority on May 7 that the agency’s Minnesota City Participation Program and related products remain a major source of homebuyer financing across the state. "We get about $80,000,000 this year," Krentz said, describing bond-derived allocations that are prorated to participating communities.
Krentz gave a quick summary of statewide scale and local results: Minnesota Housing serviced roughly 3,600 loans in the referenced calendar year and has recorded hundreds of millions in first-mortgage production in strong years. He said Sherburne County has…
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