Owner-Occupied Housing Repair Program

The City of Clarkfield has received $281,250.00 to provide housing repair loans to 15 income eligible homeowners living within the city limits of Clarkfield.

The following eligibility requirements will apply. 

Ownership - The applicant must own or be purchasing a property within the city limits of the City  of Clarkfield. Contract for deeds and life estates are only eligible if the contract vendor and all life estate remainder men meet the income guidelines.

Occupancy - The home to be improved must be the applicant’s principal place of residency. The applicant must live in the home year around.

Eligible Repairs - Repairs that are permanent and necessary are eligible. Examples are; roofing, foundations, siding, windows, heating units, electrical, plumbing as well as health and safety items.

Real Estate Taxes - An applicant must be current with their real estate taxes.

Insurance – The home must be insured while the loan is in place.

Loan Breakdown: 75% of the cost, 0% deferred loan* / 25% homeowner’s match.

Average Loan - The average Clarkfield Small Cities Housing Repair Deferred Loan is $18,750.00. The homeowner will need to provide a match to the Clarkfield Small Cities Housing Repair Program. Prairie Five Community Action Council, Inc. (Prairie Five) will assist in determining if there are any match funds that may be available to fund the match.

*Deferred Loan - The Clarkfield Small Cities Housing Repair Program will be loaned as 0% deferred loans. A deferred loan is a loan with no monthly payment and no interest will accrue which will be forgiven 1/7th each year or will revert into a grant if the property does not change ownership within seven (7) years.