"The Minneapolis Advantage loan program is a downpayment and closing cost assistance program to help rebuild the housing market in key neighborhoods that have experienced mortgage foreclosures.
The program offers a $10,000 zero-percent interest rate loan that is forgivable over five years to anyone buying a home in which they will live in these eligible neighborhoods (PDF). Additional assistance offered through neighborhood associations may be available to homebuyers purchasing homes in Harrison, McKinley, Folwell and Webber-Camden."Loan applications will be accepted starting May 5!
This is an awesome opportunity.