- You do NOT have to be a first time home buyer.
- $5,000 0% loan however forgiven after living in the home for 5 years used for closing costs and down payment
- 1-4 units no maximum income requirements post purchase workshop required
The Central neighborhood (part of the larger Powerderhorn Community) of Minneapolis, is located south of the downtown region of the city. It is bounded by Lake Street on the north, Chicago Avenue on the east, 38th Street on the south, and Interstate 35 on the west. It should not be confused with the Central community which covers Downtown and some surrounding neighborhoods.
Central neighborhood is named after Minneapolis Central High School, one of the city’s largest schools built in 1913 at the intersection of Fourth Avenue and 34th Street. The massive, three-story English architecture-inspired structure was demolished in 1982 and later replaced by Green Central School and Park. Central Neighborhood’s boundaries are defined by Lake Street to the north, 38th Street to the south, 2nd Avenue to the west, and Chicago Avenue to the east. Park and Portland Avenues-with their wide expanses and especially grand homes-serve as the neighborhood’s residential “showcase” streets. Chicago and 4th Avenues, and Lake and 38th Streets serve as Central’s primary commercial corridors.
As one of the older neighborhoods in South Minneapolis, Central boasts a wealth of extraordinary architecture built largely between the late 1800s and the early 1900s. It is here that you’ll find ornate Queen Anne architecture nestled alongside stately Colonial Revivals, and elegant Four-Squares sharing blocks with Arts & Crafts Bungalows and English-inspired Tudors. Bustling Lake Street boasts an abundance of vibrant, multi-cultural businesses unmatched anywhere in the city, including the new Midtown Exchange and Global Market at the intersection of Chicago and Lake Street. With such diversity, there’s something for everyone on lively Lake Street.
Nestled quite literally in the center of south Minneapolis, Central Neighborhood’s popularity continues to grow as it attracts those who not only value the neighborhood’s beautiful, historic housing stock and vibrant, diverse community of residents and businesses, but its close proximately to everything the city has to offer: Downtown, Uptown, the Lakes District, Minnehaha Creek, Lake Nokomis, the Midtown Greenway, the Midtown Exchange and Global Market, the freeway system, and much more.
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Minnesota First Time Home Buyer Down Payment Assistance Program
Serving Mankato, North Mankato, Northfield, Minneapolis, St. Paul, Brainerd, St. Cloud, Rochester, Duluth and all other cities in Minnesota.