The South St. Paul Economic Development Authority is making funds available for homeowners to make improvements to their properties. Center for Energy and Environment shall serve as the administrator for the South St. Paul Loan Programs and will secure the most beneficial financing based on the borrower’s needs independent of the funding source. This program will be available starting in November 2023.
Features of this loan include:
Fixed 3.875% interest
Loan term of up to 15 years. The loan is repayable when the borrower sells, transfers ownership, cash-out refinances or is no longer the primary occupant of the property