MINNEAPOLIS (WCCO) – There usually isn’t much of an upside when it comes to foreclosure.
But there is some good news coming out of Minneapolis. The city has taken more than $30 million in federal money to rehab houses that were once foreclosed properties.
Now, those homes are affordable and up for sale. Minneapolis City Council Member Barb Johnson took WCCO-TV a tour of one of the homes on Wednesday in the 3800 block of Fremont Avenue.
There are also incentives for first time homebuyers to purchase the homes. The city of Minneapolis is offering $1,500 in addition to the $10,000 to $20,000 they already offer to help offset the cost of the homes.