Thinking about buying or building a house in Red Lake County?
Statewide Affordable Housing Aid (SAHA) Red Lake County designated for home loans up to $20,000 in Red Lake County.
SAHA Red Lake County forgivable loan term is 5 years, $4,000 is forgiven after each year the borrower occupies the home in Red Lake County
The SAHA mortgage is subordinate to that of the Red Lake County Affordable Housing Fund Program.
If the homeowner sells before 5 years SAHA funds are redistributed into the Red Lake County Affordable Housing Fund Program assisting eligible households in Red Lake County.
Effective 10/02/2025 – 12/31/2027 (MN Department of Revenue, Use of Aid: funds from this aid program must be spent on a qualifying project by December 31 of the fourth year after the aid was received).
