See programs you qualify for

Get Matched Free →

Bloomington Affordable Homeownership Program (BAHP)

Administered by:

City of Bloomington Housing and Redevelopment Authority
· City · Deferred Loan

Funding status: Active

How much assistance

Up to 8,500 in gap subsidy per home, applied to lower the purchase price

Subsidy is applied as a gap to lower the home's sale price. Deed restrictions require owner occupancy and resale to another buyer at or below 80% AMI for a minimum of 15 years.

Eligibility

  • Income limits:
    At or below 80% Area Median Income (per Metropolitan Council 2023 affordability limits, equivalent to a mortgage no larger than 4,700).
  • Purchase price limit: $304,700
  • First-time buyer required: No
  • Geographic restrictions:
    27 newly constructed single-family and two-family homes on infill lots throughout Bloomington.
  • Homebuyer education required: Yes

How to Apply for Bloomington Affordable Homeownership Program (BAHP)

Step 1: Watch the Let's Talk Bloomington program page for available homes. Buyers complete homebuyer education and qualify with a participating lender. First homes expected to be available in 2026 with all 27 units completed by late 2027 or early 2028.

Notes

Funded by a ,199,500 grant from Minnesota Housing. Housing inventory is created over time, so timing of availability matters.

Cities Where This Program Is Available