The City of Coon Rapids Down Payment Assistance Loan offers up to $35,000 as a 0% interest deferred loan with built-in forgiveness: half forgiven at year 10 and the remaining half at year 20 of continuous owner-occupancy. Funded with City of Coon Rapids housing revolving funds and administered by the Center for Energy and Environment (CEE) under contract. Loan is repayable in full only if the borrower exits before the forgiveness milestones (sale, transfer, or loss of owner-occupancy).
Short reads on how it works, in plain language. Free, no sign-up needed to read.
Free course from Hey Prescott
A short, free course on Down Payment Assistance Loan: what it is, who it is for, how it is forgiven, where it applies and how to apply. Based on program data from July 2026. About ten minutes.
5 modules · About 10 minutes
Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.