City of Little Canada Workshop Meeting Agenda Packet May 2026
City Explores Loan Program with NeighborWorks Home Partners
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Description
The City of Little Canada is considering partnering with NeighborWorks Home Partners to administer a manufactured home improvement loan program funded by Local Affordable Housing Aid. NWHP would manage underwriting, loan processing, and disbursement for forgivable loans between $2,000 and $10,000 to preserve owner-occupied manufactured homes.
Contract Details
Vendor
NEIGHBORWORKS HOME PARTNERS
Agency
City of Little Canada, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
Forgivable loans with a 10-year term; loans due upon sale, transfer of title, refinance, or if property ceases to be owner-occupied
Renewal Info
Program concept envisions forgivable loans with a 10-year term; future council action will formally adopt guidelines and funding allocations and could be adjusted or renewed based on LAHA funding cycles.
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