Pohlad Funding Update…Plan Ahead when Planning to Use this Funding

By
Real Estate Agent with Boardman Realty Minnesota License#90858

6/2/2009 UPDATE: Application is on-line as of today!

Buyers that want to take advantage of the up to $8000 in special funds available for the 55106 and 55411 zip codes made available by the Pohlad Family Giving Foundation need to do their homework and plan ahead. As of today, the funding is NOT yet available at the Dayton's Bluff Neighborhood Housing Services of St. Paul (DBNHS). I spoke with a representative of DBNHS last week who said that the funding should be in place any day now but applications cannot be accepted for the program until the funds are received. Once the funds are in place DBNHS will start accepting on-line applications but be advised it will take 30 days to process the application and first time homeowners are required to take a class before the funds are distributed. The funds will be distributed as a seven year forgivable loan so it cannot be retroactive to your purchase. If you were planning to close on your property at the end of June or first part of July, this may be a problem if you expect to use these funds. The representative at the DBNHS advised to keep watch on the website as the link to the application will be posted as soon as the funds are available. Also remember there are limited funds available and this is a first come, first served program. When the funds are gone, the program is over so it will pay to stay vigilant if you want to take advantage of this unique opportunity. Need MORE information?

 

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet, Homebuyers Success Packet or sign up for Listingbook Twin Cities Home Search. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Buying a Home? Check out my new HOME BUYER'S BLOG!

Copyright 2009 Teri Eckholm http://www.terieckholm.com/

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Teri Eckholm. REALTOR with Boardman Realty, is a native Minnesotan who has lived and worked in the Minneapolis St Paul metro all of her life. She specializes in lakeshore homes, acreage properties and first time home buyers but assists anyone making a move in the north and east Twin Cities metro.

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give Teri , a call or visit her website for a FREE Home Buyer Success Guide or FREE Home Value Report She specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Copyright 2019 terieckholm.com

 

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Topic:
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Location:
Minnesota Ramsey County Saint Paul Dayton's Bluff
Groups:
Posts to Localism
Internet Empowered Consumer
Tags:
st paul realtor
55106
daytons bluff housing program
pohlad housing grant
8000 housing grant
eastside of st paul

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Rainmaker
1,916,517
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Teri

Looks like a great program, and people do need to get their ducks in order and plan ahead. In St. Paul do they still have that little Clair St. Grill?

Jun 01, 2009 04:14 AM #1
Rainmaker
1,317,476
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

This looks like a good program for first time homebuyers.  We have something similar in NH.

Jun 01, 2009 04:15 AM #2
Rainmaker
2,751,598
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Teri, People need all the help they can get these days and this will surely benefit many...I do hope it goes into effect soon in those zip codes.

Jun 01, 2009 10:54 AM #3
Rainmaker
575,553
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

Still sounds like it would be worth waiting for, What a great program.

Jun 01, 2009 12:49 PM #4
Rainmaker
719,762
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Tom--It is an awesome program! And yes the St. Clair Grill is still on the corner of Snelling and St Clair near Macalester College.

Jun 02, 2009 09:38 AM #5
Rainmaker
719,762
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Joan--Best part of this program is it is NOT LIMITED to First time Buyers! Anyone who buys in the 55106 and plans to live in the home for seven years will qualify. The first time buyers do have to take a class as part of the requirements.

Jun 02, 2009 09:42 AM #6
Rainmaker
719,762
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Carole--The application went online today...much to the relief of many anxious buyers who would love this to be a part of their purchase!

Jun 02, 2009 09:43 AM #7
Rainmaker
719,762
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Terry--Buyers didn't have to wait long...the application is up. Now they just have to wait for final approval from HUD on the program but it is getting closer. :)

Jun 02, 2009 09:46 AM #8
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Rainmaker
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Teri Eckholm

REALTOR Serving Mpls/St Paul North & East Metro
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