• Must be a first time buyer, No FHA, no income limits
  • $2,500 0% loan forgiven after 5 years
  • Buyer must prove they rented in the Lyndale Neighborhood 1 year prior to applying for funds

Lyndale neighborhood, located in south-central Minneapolis, is bound on the north by Lake Street, on the east by Interstate 35W and Stevens Avenue, on the south by 36 th Street and on the west by Lyndale Avenue South. The neighborhood was named for Lyndale Avenue, which in turn takes its name from Lyndale farm, a 1,400-acre farm owned by Hon. William S. King. The name of the farm was in honor of Mr. King’s father, Rev. Lyndon King, an itinerant Methodist minister of northern New York, who was named for Josiah Lyndon, colonial governor of Rhode Island in 1768-1769.

The neighborhood is predominantly residential, with a large percentage (about 36 percent) of land in parcels occupied by multifamily residential uses. Commercial uses tend to concentrate along Lake Street. The Lyndale neighborhood has one of the highest populations of artists in the nation.

 

Share

No Comments Created by downpaymentadmin

Leave a Reply