Homebuyer Initiated Program (HIP)

Homebuyer Initiated Program (HIP)

Status: Active

Geographic Scope: St. Paul and Suburban Ramsey County, Minnesota

Focus Areas: Affordable homeownership for income-qualified households purchasing single-family homes or duplexes

Program Overview

Rondo Community Land Trust's Homebuyer Initiated Program helps income-qualified households purchase and rehabilitate homes in St. Paul and Suburban Ramsey County. Designed for households earning at or below 80% of Area Median Income (AMI), HIP provides financial assistance and ongoing support to make affordable homeownership possible, while ensuring homes remain stable, safe, and sustainable for the long term.

Eligibility Requirements

• Household income must be at or below 80% of Area Median Income (AMI) at closing
• Property must be located in Ramsey County
• Property must be a single-family home or duplex
• Buyers must work with one of Rondo CLT's approved mortgage lenders

Financial Assistance Provided

• Affordability Investment Grant - Paired with your mortgage to increase purchasing power and reduce upfront costs
• Rehabilitation Grant - Covers essential repairs and improvements to ensure structural and mechanical integrity

Program Benefits

• Expands access to affordable homeownership in St. Paul
• Increases buying power through grant support
• Covers critical repairs to protect investment
• Provides expert guidance throughout the process
• Supports long-term stability and generational wealth building
• Prevents displacement and strengthens community wealth

Contact Information

Phone: 651-221-9884 Email: rondo@rondoclt.org Address: 1041 Selby Ave, St. Paul, MN 55104