The Northfield Housing and Redevelopment Authority

Offering first time home buyers an opportunity to obtain assistance on down payment and closing costs for a home purchase. The Northfield HRA provides up to $10,000 in a zero interest, deferred loan — this is payable when the homeowner either sells or refinances the first mortgage.

In order to qualify, applicants must meet income guidelines, purchase a home within the city limits of Northfield and be first time home buyers. Single family homes, condos and town homes all meet the requirements for this program. The applicants who are eligible must be at or below 80% of the area median income for Dakota County. The awarded amount is dependent on the borrower’s need and annual income.

Program Overview:

• Up to $10,000 in a zero interest deferred loan towards a down payment or closing costs on home sale.
• Property must be located within Northfield city limits.
• Must meet income guidelines.