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County programRepayable

Community Revitalization Fund (CRF) Down Payment Assistance

Community Revitalization Fund (CRF) Down Payment Assistance is a repayable second loan for homebuyers in Mentor, Minnesota, administered by Northwest Minnesota Multi-County Housing & Redevelopment Authority (NWMNHRA).

Last verified Source: Northwest Minnesota Multi-County Housing & Redevelopment Authority (NWMNHRA)
Check if this fits me Official program site ↗

The program asks for

  • The home is occupied as a primary residence
  • Residency: Property must be in Kittson, Lake of the Woods, Marshall, Norman, Pennington, Polk, Red Lake, or Roseau County.
  • Must meet program income/guidelines. Online CRF application at nwmnhra.org/crf-application.
  • A home in Polk County

It doesn’t cover

  • Homes outside Polk County

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Where it applies

Polk County’s homes

  • 72.1% single-family
  • 2% townhouse
  • 6.1% 2–4 units
  • 14.4% 5+ units
  • 5.4% mobile & other

$222,800

Polk County median home value

65.7%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in Polk County

How to apply

  1. Contact Northwest Minnesota Multi-County Housing & Redevelopment Authority (NWMNHRA) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Questions about this program

What is Community Revitalization Fund (CRF) Down Payment Assistance?

Community Revitalization Fund (CRF) Down Payment Assistance is a repayable second loan for homebuyers in Mentor, Minnesota, administered by Northwest Minnesota Multi-County Housing & Redevelopment Authority (NWMNHRA). The Community Revitalization Fund (CRF), administered by the Northwest Minnesota Multi-County HRA, is an 8-county revolving loan pool providing low-interest down payment assistance (gap financing) loans to qualified homebuyers building or buying existing homes in Kittson, Lake of the Woods, Marshall, Norman, Pennington, Polk, Red Lake, and Roseau counties. It also serves as a workforce-attraction tool for local employers. Low-interest gap financing / down payment assistance. New construction or existing homes. Covers 8 NW Minnesota counties. Funding comes from 8-county revolving loan pool from private/public investor pledges and CRF loan repayments (>$5.5M since 2000).

Do you have to pay it back?

Community Revitalization Fund (CRF) Down Payment Assistance is a repayable second loan and is repaid under the terms set by Northwest Minnesota Multi-County Housing & Redevelopment Authority (NWMNHRA). Repayment is triggered by Repayable low-interest loan; repayments recycle into the revolving loan pool (payments may be auto-withdrawn). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Community Revitalization Fund (CRF) Down Payment Assistance is open to homebuyers who will live in the home as their primary residence. Residency requirement: Property must be in Kittson, Lake of the Woods, Marshall, Norman, Pennington, Polk, Red Lake, or Roseau County. Must meet program income/guidelines. Online CRF application at nwmnhra.org/crf-application.

Where does it apply?

Community Revitalization Fund (CRF) Down Payment Assistance serves homebuyers purchasing in Mentor, Minnesota.

How do you apply?

Applications for Community Revitalization Fund (CRF) Down Payment Assistance go through Northwest Minnesota Multi-County Housing & Redevelopment Authority (NWMNHRA), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for Polk County homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 69 programs for Polk County

Program terms are set by Northwest Minnesota Multi-County Housing & Redevelopment Authority (NWMNHRA) and can change; confirm on the official site before you apply.