What is it??

Low-interest loans to help you address much-needed home repairs.  These loans are provided on a first come, first serve basis to those who apply and live within a designated area of Elk River.  See map below.

Sample Project Budget:

Vinyl Siding:                               $7,000

Aluminum soffit & fascia            $1,500 

Energy Efficient vinyl windows  $9,000

Energy Efficient furnace            $3,800

TOTAL PROJECT COST           $21,300

With a sample budget of $21,300 you can choose a term of 5, 10 or 15 years.  See the payment calculator on the right!

Eligible Repairs:

  • Roofing, Siding, Windows & Doors

  • HVAC, Electrical & Plumbing

  • Basement Finishing, Additions & Landscaping

  • Energy Efficiency + MORE   

15 year term @ current prime rate​

  • ​$162.94 monthly payments   

  • $8,029.84 total interest paid

10 year term @ 1% below prime rate​

  • $210.63 monthly payment

  • $3,975.23 total interest paid

*The maximum loan amount possible is $25,000

For more information about the Small Cities Development Program,

please call Ed Zimny at 320.258.0673 or email ed@cmhp.net.

About CMHP

Our Mission: We are committed to assisting underserved communities to preserve, improve, and increase affordable housing for low and moderate-income families and individuals.

Contact CMHP

Direct: 1.320.259.0393

Fax: 1.320.259.9590

St. Cloud, MN 56303 * MN TDD 711