Home for Generations II provides financial incentives to homeowners who undertake large remodeling projects valued at $35,000 or more. Financial incentives include a grant up to $5,000 and a rebate of 50% of your building permit fees.
Program Requirements Eligible properties must be homesteaded, owner-occupied homes at least 20 years old. There are no income limits for participants in this program.
Projects that qualify include:
Building an addition
Building a sun room
Finishing previously unfinished space
Constructing a covered front porch
Converting a garage into livable space
Major kitchen, bathroom or basement remodel
Adding a bathroom
Reconfiguring living space
This program also requires a consultation with an architect or designer to discuss and help plan your remodeling ideas. This service is largely discounted through grants from the Coon Rapids Mortgage Assistance Foundation.
Projects including two or more exterior upgrades are eligible for a grant of up to 10% of the project cost, not to exceed $5,000.
Eligible exterior upgrades include:
Altering the roofline on the front of the house
Constructing columns at the front door
Building a covered front porch
Enhancing the front of the house with brick, stone, or shakes
Upgrading the front door and/or garage door if it faces the street