Minneapolis is offering $10K for down payment assistance for anyone who purchases a foreclosure. If you stay less than 5 years you pay it back(interest free), but if you stay longer than 5 years it is yours to keep. They have Minneapolis zoned into 3 areas so depending on area there are income restrictions based on median average income in that particular area.
St Paul is still slow to catch on but seems to be brewing something as well. They do have something similar for teachers, police officers, city employees, firefighters, health providers in place.
Blog contributor: Dave Libman 612-247-3874
Coming tomorrow - information on Dakota County's Silver Lining Loan Program
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