Since 2021, Minnesota Housing has financed more than 1,500 rehabilitation loans for households with people age 62+ through the three programs. In 2024, 211, or 15%, of the 1,499 loans in these programs were to households with older adults.

Minnesota’s population is aging and as older adults stay in their homes with increasing disabilities their housing demands become more complex. Minnesota Housing’s Rehabilitation Loan Program, Fix Up Loan Program and Community Homeownership Impact Fund can help eligible older adults make improvements on their home to help them age in place.

This metric captures the number of closed rehab loans by fiscal year to households with a borrower age 62 or older. The metric covers three of Minnesota Housing’s programs for homeowners: (1) Rehabilitation Loan Program, (2) Fix Up Loans, and (3) Community Homeownership Impact Fund. The Rehabilitation Loan Program includes rehabilitation and emergency/accessibility loans. The Fix Up Loan Program also includes Community Fix Up Loans. The Impact Fund data only includes rehabilitation and home improvements loans from that program. Minnesota Housing's program year runs from October 1 through September 30.