Woodbury First-time Home Ownership Program

The objective of the Woodbury First-time Home Ownership Program is to encourage home ownership in the City of Woodbury by providing financing to low- and moderate-income first-time purchasers. Low-interest, deferred loans of up to $25,000 are available to qualified families who earn no more than 80 percent of area median income, currently $64,000 for a family of four. First-time home buyers are defined as a person or household that has never owned a home or has not owned a home in the last three years. The purchase price of the affected homes may not exceed $256,500. Single-family detached houses, townhomes or condo units are eligible for this program.

• Woodbury First-time Home Ownership Program Guidelines (23 KB)
• Woodbury First-time Home Ownership Program Application (554 KB)
• City of Woodbury HRA Loan Programs

For more information about the city's housing and redevelopment programs and policies, contact:

Karl Batalden Housing Specialist/Associate Planner (651) 414-3438 kbatalden@ci.woodbury.mn.us