The City of Moorhead offers no-interest home 
rehabilitation loans available to qualified homeowners through federal Community Development Block Grant (CDBG) funds.
If you can answer “Yes” to all the following questions, you may qualify for a no-interest rehabilitation loan to make necessary electrical, plumbing, heating, energy and/or structural repairs.
Would I qualify CDBG loans?
Is the home:Located within Moorhead city limits?
At least 15 years old?
Attached to a permanent foundation (not a mobile home)?
An owner-occupied single-family dwelling or duplex?
Is the total gross annual income earned by residents of the household, age 18 and over, equal to or less than the amount listed in the following chart?
The following loan terms apply to the CDBG Single-Family Home Rehabilitation Loan Program:
$20,000 maximum loan amount when equity allows
0% interest
Fully Secured by equity in the home
Repayable upon sale, transfer of property, or non-occupancy by owner
If necessary, homeowners may subordinate their CDBG Home Rehabilitation Loans to a new mortgage under certain circumstances.
5 Most FAQ for Community Development Block Grant (CDBG) Loans
1) What is the Community Development Block Grant (CDBG) program? • This question typically seeks a brief overview of what the CDBG program is, its purpose, and who administers it.
2) Who is eligible to apply for CDBG loans? • This question aims to clarify the eligibility criteria for entities or organizations seeking funding through the CDBG program. It may cover eligibility requirements for local governments, non-profits, and other eligible entities.
3) What types of projects are eligible for CDBG funding? • Here, people usually seek information about the specific types of projects or activities that can be funded through the CDBG program, such as affordable housing, infrastructure improvements, economic development projects, and public service programs.
4) How do I apply for a CDBG loan? • This question addresses the application process, including where to find application forms, deadlines, required documentation, and any specific procedures or requirements applicants need to follow.
5) What are the terms and conditions of CDBG loans? • This question explores the terms of the loans offered through the CDBG program, including interest rates, repayment schedules, use of funds, reporting requirements, and any other conditions attached to the funding.
Please complete the preapplication or contact the Community Development Program Administrator for more information. Program Guidelines provide more specifics about the Home Rehabilitation Loan process.
Written by Jim Christl and Shannon Barnum of Modern Market REALTORS® for potential homebuyers. We hope that collaborative effort shines through in providing clear and concise information, empowering readers to make informed decisions in Moorhead’s real estate market
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