Minnesota Housing Finance Agency energy conservation, decarbonization, and climate resiliency loans

How it works

Section 462A.05, subdivision 14b authorizes the agency to make or participate in loans to persons and families, without limitations relating to the maximum incomes of the borrowers, for existing housing they own. The purpose is to assist in energy conservation, decarbonization, climate resiliency, and other qualified projects.

What the money covers

The statute specifically lists examples of eligible work, including:

• weatherstripping and caulking,
• chimney construction or improvement,
• furnace or space heater repair, cleaning, or replacement,
• central air conditioner installation, repair, maintenance, or replacement,
• air source or geothermal heat pump installation, repair, maintenance, or replacement,
• insulation,
• windows and doors, and
• structural or other directly related repairs or installations essential for energy conservation, decarbonization, climate resiliency, and other qualified projects.

Amounts and terms

The statute does not state a dollar cap in the text captured here. It says loans are made only when the agency determines financing is not otherwise available, in whole or in part, from private lenders on equivalent terms and conditions.

Additional options

Loans under this subdivision or subdivision 14 may be integrated with a utility on-bill repayment program approved under section 216B.241, subdivision 5d. They may also be used for on-site solar energy or energy storage systems.

Important note

This is a statewide housing-improvement loan authority, not a wildfire-only grant program. The statute text here does not provide a deadline or application portal.