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Community Revitalization Fund (CRF) Down Payment Assistance

Northwest Minnesota Multi-County Housing & Redevelopment Authority (NWMNHRA) · Mentor, Minnesota

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Repayment

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Repaid on the terms set by Northwest Minnesota Multi-County Housing & Redevelopment Authority (NWMNHRA)

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is triggered by Repayable low-interest loan; repayments recycle into the revolving loan pool (payments may be auto-withdrawn).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 buyers who will live in the home as their primary residence.

The program requires

  • 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.
  • DRAFT (dpa-gap-finder 2026-06-13): pending review. Must meet program income/guidelines. Online CRF application at nwmnhra.org/crf-application. UNCONFIRMED: specific loan amount range, interest rate, income limits, credit requirements (not published on the public program page).

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 does it apply?

Community Revitalization Fund (CRF) Down Payment Assistance serves buyers 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.

  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 buyer can take it to a lender or housing counselor.

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