USDA Section 504 Home Repair Loan & Grant

USDA Rural Development

Available Home Repair

About This Program

Low-interest loans and grants for very-low-income homeowners to repair, improve, or modernize homes in eligible rural areas. Seniors 62+ may qualify for grants up to $10,000 for accessibility and safety improvements. New Hope may not be classified as rural; eligibility depends on USDA mapping.

Combines loan and grant; seniors 62+ may receive up to $10,000 grant

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Loan up to $40,000 at 1% interest
  • Grant up to $10,000 for seniors 62+
  • Very low income required (50% AMI)
  • Must be in USDA-eligible area (check map)
  • Remove health and safety hazards

How to Apply

A grant-savvy contractor in New Hope, MN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in New Hope early keeps your application moving.

Get matched with a contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

Deadline: Rolling applications

Questions about this program?

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Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in New Hope, MN

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